Niederer Kraft Frey advises Assa Abloy in the sale of its business Cedes

As previously reported by, Niederer Kraft Frey is acting as counsel to ASSA ABLOY in the sale of its sensor technology business CEDES in Switzerland to capiton. ASSA ABLOY announced signing of the sale agreement on 7 September 2020. The transaction is subject to customary closing conditions and is expected to close during the fourth quarter of 2020.

The NKF team is led by Corporate/M&A partners Thomas Brönnimann (pictured left) and Philippe Weber (pictured right), working with partners Markus Kronauer (Tax) and Nicolas Birkhäuser (Competition), senior associate Deirdre Ní Annracháin and associate Samuel Hochstrasser (both Corporate/M&A).