ASSA ABLOY has acquired Inovadoor Portas Industriais Ltda, a Brazilian manufacturer of sectional and high-speed doors.
Inovadoor was founded in 1997 and has around 100 employees. The main office and factory are located in Pinhais, close to Curitiba, Brazil.
“I am very pleased to welcome Inovadoor into the ASSA ABLOY Group,” said Nico Delvaux, President and CEO of the company.
“This acquisition delivers on our strategy to reinforce our current offering within entrance automation in emerging markets.”
“By leveraging Inovadoor’s local manufacturing capabilities, nationwide reach and exceptional reputation, we will strengthen our footprint in Brazil and pave the way for future expansion and growth opportunities in both Brazil and throughout Latin America,” added Massimo Grassi, Executive Vice President of ASSA ABLOY and Head of Entrance Systems Division.