FAAC INVESTS IN CoMETA

A binding agreement has been reached for the transfer of the share package of the CoMETA Group, market leader in physical security solutions (security & safety) to the prestigious italian multinational FAAC, a major player in the sector of automation and vehicular and pedestrian access control.

CoMETA, in its 35th year of activity, in the midst of its development, broadens its horizons by opening its doors to FAAC Group, a leading company in gate automation, which shares the same values of quality, reliability, safety, research and innovation, typical of those who want maximum customer satisfaction. A historic company, which over the years has been able to carry forward the prestige of Made in Italy, strengthening and expanding its position on international markets.

So FAAC returns to invest in Italy, choosing CoMETA as a partner, expanding its range of products and know-how and sharing the objective of continuing to grow and improve constantly.

The transaction is subject to the usual closing conditions and the closing of the operation is expected by the end of September 2021.