ASSA ABLOY acquires leading Chinese lock company

ASSA ABLOY has signed an agreement to acquire 70% of the Baodean
Group of China. Baodean manufactures and distributes anti-theft door
locks and cylinders mainly for the Chinese market.

Baodean is a leading supplier of anti-theft door locks and cylinders
in China.  Today the company leads the segment of high security
anti-theft door locks and cylinders market in China and has developed
an extensive support and service network."China is a strategically important market for ASSA ABLOY. The
acquisition of Baodean is another important step for market
leadership and rapid sales growth in China" said Johan Molin,
President and CEO for the ASSA ABLOY Group.

Baodean is located in the Zhejiang region (south of Shanghai).

Turnover is expected to reach 300 MSEK in 2007 and the company has
1,370 employees. The company will be consolidated during the third
quarter of 2007.

ASSA ABLOY expects the acquisition to be EPS accretive in 2007. The
acquisition is subject to regulatory approval.


For more information, please contact:
Johan Molin, President and CEO, tel no: +46 8 506 485 42
Tomas Eliasson, CFO and Executive Vice President, tel no: +46 8 506
485 72

The information contained herein may be subject to the disclosure
requirements of ASSA ABLOY AB under the Swedish Securities Exchange
and Clearing Operations Act and/or the Swedish Financial Instruments
Trading Act. This information has been publicly communicated on
August 9, 08.00 CET.