Assa Abloy has acquired 85.7 percent of the shares of Małkowski-Martech S.A. from the Malkowski family in an off-market transaction.

MM is a Polish producer of fire rated curtains and gates and is listed on the Warsaw Stock Exchange. The firm was established in 2000 and has 150 employees.

“The addition of market leading fire rated curtains and gates from Małkowski-Martech strengthens our commercial fire rated door product portfolio,” said Neil Vann, executive vice president of Assa Abloy. “The combined offering allows us to even better address the customer needs for flexibility in building design and ease of installation.”

“I am very pleased to welcome Małkowski-Martech into the ASSA ABLOY Group,” added Nico Delvaux, president and CEO of Assa Abloy. “I welcome this complementary business, specializing in fire rated curtains and gates.”