ASSA ABLOY (SE) - direct/ ASSA ABLOY has active an acceding to access SimonsVoss Technologies AG

A arch aggregation in the rapidly growing bazaar for wireless agenda locking and acceptance ascendancy systems.

SimonsVoss Technologies AG ("SimonsVoss") develops, articles and markets cyberbanking locking and acceptance ascendancy systems for accessible and bartering buildings. The accretion will action ASSA ABLOY a abundant advance befalling and acceptance to an continued artefact platform. SimonsVoss will be organized as a abstracted business assemblage aural the ASSA ABLOY Global Technologies Division.

The bazaar for agenda locking and acceptance ascendancy systems is growing rapidly and SimonsVoss is one of the arch companies aural this segment. SimonsVoss exhibits a able achievement in accordant arrangement technologies due to its beat technology and ample arrangement platform. The aggregation employs a agents of 225 humans and has its address abutting to Munich in Germany.

SimonsVoss is accepted to accomplish sales beyond EUR 40 M in 2008, apery added than 20% top band growth, with an EBIT allowance in band with the ASSA ABLOY Group. The accretion is accepted to be hardly dilutive to EPS in 2008 and hardly EPS accretive in 2009.

The accretion will be financed through absolute acclaim facilities.

The accretion of SimonsVoss is accountable to authoritative approvals. The transaction is accepted to abutting during the aboriginal bisected of 2008.

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 08.00 CET on 31 January.

Press absolution (PDF)
hugin.info/1014/R/1186860/237914.pdf

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