ASSA ABLOY acquires Chinese window hardware manufacturer Shandong Guoqiang

ASSA ABLOY has acquired Shandong Guoqiang Hardware in China. Guoqiang offers a
full range of window hardware predominantly in the Chinese market. The company
has a good market presence in China through an extensive network of sales
offices.

"I am very pleased to welcome Guoqiang into the ASSA ABLOY Group. Guoqiang is an
important step in our expansion into new growth segments in China and other
emerging markets", says Johan Molin, President and CEO of ASSA ABLOY.

"Guoqiang is a great addition to the Asia Pacific division. It complements our
existing door opening solution offering in China, and provides access to China's
window hardware market", says Jonas Persson, Executive Vice President of ASSA
ABLOY and Head of Asia Pacific Division.

Guoqiang was established in 1998 and has over 2 000 employees. The head office
and main factory is located in Leling, Shandong province, China.

Sales is expected to reach CNY 550 M (approx SEK 600 M) in 2012 with a good EBIT
margin. The acquisition will be accretive to EPS from start.



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


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