FAAC GROUP ACQUIRES MAGNETIC AUTOCONTROL GROUP,
A WORLD REKNOWN PLAYER IN VEHICLE AND PEDESTRIAN ACCESS CONTROL
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 Autocontrol 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 others' strengths
to boost their respective market coverage and business." says Thomas Braunwalder, Magnetic Autocontrol CEO.
About Magnetic Autocontrol Group
Founded in 1946 and currently employing a staff of 270, Magnetic Autocontrol is an international Group headquartered in Schopfheim (Germany)
and with direct presence in many key countries such as Germany, USA, Australia, Brazil, India, Malaysia, China where it operates manufacturing
or sale and post sales assets. Magnetic Autocontrol is a world known player in the domain of vehicle and pedestrian access control, providingtop
quality products solutions such as vehicle barriers, pedestrian gates,customes-tailored product solutions as well as technology to system
integrators in the field of fare collection, immigration, boarding and security.
About FAAC Group
FAAC is an italian Group founded in 1965 and based in Bologna. FAAC pioneered the market of gates, garage doors and barrier automation
through its in-house expertise and continuous product development leading to several international patents pending.
The Group activity is developed around four business lines: Gates automation and automatic barriers; Parking Revenues
Control Systems; Automatic Doors and Complete Entrances ; Tubular Motors applications. FAAC Group employs over 1.000 staff worldwide
(data at Dec.31st 2011) in 7 european production plants and 15 foreign subsidiaries throughout the world.