ASSA ABLOY acquires leading Korean door automation company

ASSA ABLOY Entrance Systems has acquired Cheil, a Korean leading
company that offers a broad range of products and services within
door automatics. The company has 50 employees and is expected to
reach a turnover of SEK 150 M in 2008."Korea is one of the largest markets in Asia for automatic doors with
innovative products. This acquisition gives ASSA ABLOY a
market-leading position in Korea and brings a broad spectrum of
products and excellent relations to general contractors, as well as a
good service business," says Johan Molin, President and CEO of ASSA
ABLOY.

The acquisition is expected to be accretive to earnings per share
from the start and will be consolidated during the third quarter.


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