The acquisition of Christiania Spigerverk approved

The acquisition of Christiania Spigerverk approved

The acquisition of Christiania Spigerverk AS has been approved by the Norwegian
authorities.

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. 

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.


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.