Gunnebo Industrier acquires Christiania Spigerverk AS Group in Norway

Gunnebo Industrier acquires Christiania Spigerverk AS Group in Norway

Gunnebo Industrier is acquiring a 100% stake in the Christiania Spigerverk AS
Group in Norway, including its Swedish subsidiaries CS Byggteknik AB
(Helsingborg), 3A Byggdelen AB (Stockholm) and 3A Byggdelen AB (Göteborg).

The acquisition of Christiania Spigerverk, which has 80 employees at operations
in Norway and Sweden, strengthens the position of the Fastening business area in
the Nordic market. The acquisition is expected to increase revenue about 40% for
the business area. 

Christer Lenner, CEO of Gunnebo Industrier AB, says that "Christiania Spigerverk
is a key strategic acquisition that will combine with existing activities at our
Fastening business area to form a powerful player in the Nordic market. While
our market position in the Nordic countries will be stronger, we face potential
synergies as well. The acquisition also provides a firm foundation for
additional expansion through organic and acquisitive growth in the Northern,
Central and Eastern European markets."

Christiania Spigerverk manufactures and markets a complete assortment of
fastening systems for the construction industry and do-it-yourself users. The
Group reported sales of NOK 160 million, the majority of which in the Norwegian
market, in 2006.

The acquisition is conditional on approval by Norwegian authorities.


For additional information, feel free to contact:

Christer Lenner, CEO and President, Gunnebo Industrier AB
+46 705 91 03 05, christer.lenner@gunneboindustries.com

Martin Jonsson, Business Area Manager, Gunnebo Fastening
+46 705 10 14 86, martin.jonsson@gunneboindustries.com

Tobias Bülow, Director of Group Communications, Gunnebo Industrier AB
+46 703 38 93 10, tobias.bulow@gunneboindustries.com


Gunnebo Industrier AB, an international group of industrial companies, is active
in 14 countries and has around 50 major distributors and agents worldwide. The
group develops, manufactures and markets chain and lifting components, fastening
systems for the construction industry, blocks and systems for heavy lifting,
non-skid products and telescopic ladders. Gunnebo Industrier consists of the
Fastening, Lifting and Technical Products (including the Blocks, Non-Skid and
Telescopics business units) business areas. Gunnebo Industrier, which sells
well-known products in established segments, is the leader in each product and
market area. With around 1,300 employees, the group reported sales of
approximately SEK 1.7 billion in 2006. For further information visit
www.gunneboindustries.com.