ASSA ABLOY has sold its elevator maintenance business PACA ascenseur (“PACA”) in France to KONE. PACA was part of the acquisition of agta record in 2020. PACA is an elevator maintenance business located in Southern France. PACA was founded in 1995 and has some 210 employees. Sales in 2022 amounted to about 30 MEUR. "I find it satisfying that with KONE, PACA and its employees and customers get a committed long-term owner, creating new opportunities for the future and I wish them every success,” says Nico Delvaux, President and CEO of ASSA ABLOY. "In line with our strategy, we
