ASSA ABLOY acquires Jiawei in China

ASSA ABLOY has signed an agreement to acquire Jiawei, one of the leading
suppliers of security locks in China.

"I am very pleased to welcome Jiawei into the ASSA ABLOY Group. Jiawei
constitutes another important step in our strategy to grow market presence in
China and other emerging markets”, says Johan Molin, President and CEO of ASSA
ABLOY.

"Jiawei is a great addition to the Asia Pacific division. The acquisition
broadens our presence in the OEM channel for door manufacturers and gives us
important complementary access to the growing replacement market for security
locks and cylinders in China", says Magnus Kagevik, Executive Vice President of
ASSA ABLOY and Head of Division Asia Pacific.

Jiawei was established in 1995 and has some 920 employees. The head office and
factory is located in Jinhua, Zheijiang province, Eastern China.

Sales for 2015 are expected to reach SEK 500 M with a good EBIT margin. The
acquisition will be accretive to EPS from start.

The transaction is subject to regulatory approval and is expected to close
during Q4 2014.


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


About ASSA ABLOY
ASSA ABLOY is the global leader in door opening solutions, dedicated to
satisfying end-user needs for security, safety and convenience. Since it was
founded in 1994, ASSA ABLOY has grown from a regional company into an
international group with about 43,000 employees, operations in more than 70
countries and sales of about SEK 48 billion. ASSA ABLOY offers a more complete
range of door opening solutions than any other company on the market. In the
fast-growing electromechanical security segment, the Group has a leading
position in areas such as access control, identification technology, door
automation and hotel security. ASSA ABLOY was formed on November 8, 1994, when
Securitas in Sweden and Metra in Finland merged their lock businesses.