| Acquisition Of Gardesa By ASSA ABLOY |
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Office: Milan , August, 2008 Legal Adviser and Legal Due Diligence for Assa Abloy: PINCI & ASSOCIATES Financial and Tax Due Diligence: PWC Pinci & Associates (“P&A”, www.pincilaw.com) successfully represented ASSA ABLOY (www.assaabloy.com) in the acquisition of Gardesa (www.gardesa.com), a leading Italian manufacturer of high security steel doors. Gardesa is based near Piacenza, employs 200 people and has a turnover of EUR 45 M. Gardesa manufactures armored doors, including both standard and customized steel doors that can be tailored to the customer's needs thanks to a wide selection of panels, finishes and optional accessories. The majority of the Gardesa products are sold through the company's distribution network in Italy while 25% is sold through distributors to other markets in Europe, Africa and Asia. The transaction was coordinated on the legal side by the General Counsel of Assa Abloy AB, Jacob Wahlberg and his team in Stockholm. The Assa Abloy Italian acquisitions team was headed by Yvan Haddad and Mario Luppi, respectively CEO and CFO of Assa Abloy Italia. The Pinci & Associates M&A Team was led by Marcantonio Pinci, with Alessandro Bianchini, based at the P&A Milan and Florence offices, in charge of the Italian legal due diligence. The P&A Team’s work was supported by Price Waterhouse & Cooper acting as financial and tax due diligence provider. Advice on EU and Italian Antitrust issues was rendered by Prof. Alessandro Morini, based at the P&A offices in Genova and Milan. ASSA ABLOY (www.assaabloy.com) is the global leader in door opening solutions, dedicated to satisfying end-user needs for security, safety and convenience. ASSA ABLOY is represented in all major regions, with leading positions in much of Europe and North America and in Australia. Since its founding in 1994, ASSA ABLOY has grown to an international group with 32,000 employees and sales of over SEK 33 billion (USD $4.7 billion). |
For information, please contact:
| Marcantonio Pinci mpinci@pincilaw.com Pinci & Bianchini Law Offices /Milan Via Falcone, 7 20123 Milano, Italia Tel: (39) (02) 8639-1444 Fax: (39) (02)8639-1449 |
Alessandro Bianchini abianchini@pincilaw.com Pinci & Bianchini Law Offices /Florence Via Roma, 3 50123, Firenze, Italia Tel: (39) (055) 265 8111 Fax: (39) (055) 265 5196 |
Betul U.Diskaya bdiskaya@pincilaw.com Pinci & Bianchini Law Offices /New York 488 Madison Avenue, Suite 1100 New York, NY 10022 Tel. (212) 753-4739 Fax: (212) 583-9136 |
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