ASSA ABLOY Group has signed a definitive agreement to acquire Arran Isle, a leading designer, manufacturer and distributor of door and window hardware in the UK and Ireland.
The acquisition delivers on ASSA ABLOY's strategy to add complimentary products and solutions to its core businesses which are global leaders in access solutions.
BDO assisted ASSA ABLOY through the provision of VDD review services and follow on top-up financial and tax due diligence support.
"We engaged the BDO Midlands Transaction services team to undertake the buy-side due diligence role, on our acquisition of Arran Isle. We have engaged with the BDO team multiple times and once again they were able to provide proactive, commercial advice, which was extremely useful for our internal investment appraisal process, the formulation of our offer and the acquisition execution process. This transaction is a significant addition to our business. Arran Isle have built a reputation developing innovative products and a market leading approach to customer service with a passionate and experienced team."
Neil Martin – Company Secretary, ASSA ABLOY Limited