ASSA ABLOY acquires ShenFei, a leading Chinese door closer manufacturer

ASSA ABLOY has signed an agreement to acquire ShenFei a leading
manufacturer of door closers, both for the Chinese markets and for
exports.

ShenFei has shown good growth over the last years. Turnover is
expected to reach SEK 180 M during 2008 with good EBIT-margin and the
company has 1,100 employees. Shenfei is located at Wen Zhou, South of
Shanghai."I am very pleased that ShenFei is joining the ASSA ABLOY Group. The
acquisition is an important step in our growth strategy on emerging
markets by adding market presence as well as complementing ASSA
ABLOY's product portfolio" says Johan Molin, President and CEO of
ASSA ABLOY."ShenFei complements our existing lock range to be a door opening
solution provider and adds an excellent sales network in China to our
group" says Martin Brandt, Executive Vice President of ASSA ABLOY and
Head of Division Asia Pacific.

The acquisition is subject to regulatory approval. The acquisition is
expected to be EPS accretive in 2008 and to be consolidated during
the fourth quarter of 2008.


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