ASSA ABLOY acquires CEDES in Switzerland

ASSA ABLOY has signed an agreement to acquire the Swiss company CEDES, a leading
company in sensor technology to the door and elevator industry.

"It is with satisfaction that I welcome CEDES into the ASSA ABLOY Group. CEDES
represents an important step in the strategy of adding more intelligence within
entrance automation. Our entrance automation business has grown from SEK 3
billion in 2008 to more than SEK 18 billion proforma in 2015”, says Johan Molin,
President and CEO of ASSA ABLOY.

"CEDES competence, experience and product offering in the sensor field is a
strong addition to our current product portfolio and will lead to highly
innovative and integrated solutions combining different technologies that will
create new customer benefits. This is a strategic acquisition for Entrance
Systems and I welcome the CEDES team to ASSA ABLOY”, says Juan Vargues,
Executive Vice President of ASSA ABLOY and Head of Division Entrance Systems.

CEDES was established in 1986 and has some 340 employees. The company is
headquartered in Landquart, Switzerland.

CEDES’s sales for 2016 are expected to reach CHF 60 million (approx. SEK 510
million) with a good EBIT margin. The acquisition will be accretive to EPS from
start.

The transaction is expected to close during Q1 2016.


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.