Car Park Barriers, Immigration Gates, Parking Equipment, Self-Boarding and Access Control
| Company | Magnetic Autocontrol GmbH |
|---|---|
| Date | 15.05.2012 |
On April 27th 2012 FAAC SpA completed the acquisition of Magnetic Autocontrol Group, a world player in the domain of vehicle and access control. Headquartered in Schopfheim (Germany) Magnetic Autocontrol is a sound and strong company operating in the high growth market of “vehicle and pedestrian access control” covering the global market through subsidiaries in Germany, Switzerland, Australia, China, Malaysia, Brazil, India and the USA.
“The acquisition of Magnetic is an exceptional achievement for FAAC Group as it sets new horizons and opens new opportunities in the access control business. Magnetic, who has an undisputable market awareness and presence in the domain of vehicle and access control business for commercial and professional application, offers significant synergies with FAAC in the commercial, operating and industrial areas.” says Andrea Marcellan, FAAC Group CEO.
“We are thrilled to start a new phase of our Company development under the new ownership of FAAC. This acquisition indeed brings Magnetic Autocontrol closer to an international industrial Group which is primarily focused on the same business domain of vehicle and access control where we have been long time active. The two companies can share a lot of best practice and leverage on each other’s strengths to boost their respective market coverage and business.” says Thomas Braunwalder, Magnetic Autocontrol CEO.
