Press Release: Mergers: Commission clears proposed takeover of Swedish automated door supplier Cardo by rival Assa Abloy

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Cardo AB by Assa Abloy AB. Cardo and Assa Abloy are Swedish companies supplying automated doors and related after-sales services. After examining the operation, the Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.