ASSA ABLOY acquires Flexim in Finland

ASSA ABLOY has signed an agreement to acquire Flexim, a leading security systems
provider and locksmith in Finland.

"The acquisition of Flexim constitutes another important step for ASSA ABLOY
into the locksmith and access control channel in the Nordic region. Flexim will
add a lot of competence in the important Finnish market to the ASSA ABLOY
Group”, says Johan Molin, President and CEO of ASSA ABLOY.

"Flexim is a valuable addition to our products and services on the Finnish
market. I am delighted to welcome the Flexim team to the ASSA ABLOY Group,
especially due to their expertise in project management and services", says
Tzachi Wiesenfeld, Executive Vice President of ASSA ABLOY and Head of the EMEA
division.

Flexim was established in 1979 and operates 9 branches across Finland and
currently has some 245 employees.

Sales for 2015 are expected to reach EUR 36 M (approx. SEK 340 M). The
acquisition will be accretive to EPS from start.

The transaction is subject to regulatory approval and is expected to close
during Q3 2015.


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 its
formation in 1994, ASSA ABLOY has grown from a regional company into an
international group with about 44,000 employees, operations in more than 70
countries and sales close to SEK 57 billion. In the fast-growing
electromechanical security segment, the Group has a leading position in areas
such as access control, identification technology, entrance automation and hotel
security.