ASSA ABLOY - Hugin/ASSA ABLOY has acquired 20% of Copiax, a arch Swedish locks and aegis distributor

ASSA ABLOY has acquired 20% of the shares in Copiax AB from Verdane Capital, a banking investor. With this accretion ASSA ABLOY now owns abutting to 31% of the capital.

Copiax is a Swedish banker of aegis artefact absorption on locksmith, aegis installers and builders merchants. The aggregation operates with some 45 advisers from the arch appointment in Stockholm and is accepted to ability a about-face beyond SEK 400 M in 2008.

ASSA ABLOY is in a able chat with the axle of admiral in Copiax AB apropos a bid on the actual shares. An accretion of Copiax has a able automated account by bringing efficiencies and value-added casework to the accumulation alternation amid ASSA ABLOY and added producers and the end customer.

For added information, amuse 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

ASSA ABLOY may be appropriate to acknowledge the advice provided herein pursuant to the Securities Markets Act. The advice was submitted for advertisement at 08.30 CET on 15 February.

Press absolution (PDF)
hugin.info/1014/R/1192103/240613.pdf

The advertisement was broadcast by Hugin.
The issuer is alone amenable for the agreeable of this announcement.