FAAC Group Acquires Magnetic Autocontrol Group

Zola Predosa / Schopfheim, 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 others strengths to boost their respective market coverage and business." says Thomas Braunwalder, Magnetic Autocontrol CEO.

About Magnetic Autocontrol Groupmagnetic autocontrol

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, sales and post sales assets. Magnetic Autocontrol is a world known player in the domain of vehicle and pedestrian access control, providing top quality products solutions such as vehicle barriers, pedestrian gates, custom-tailored product solutions as well as technology to system integrators in the field of fare collection, Immigration, boarding and security.

About FAAC Group faac logo

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.



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