ASSA ABLOY acquires Finnish locksmith Turvaykköset

ASSA ABLOY has acquired Turvaykköset, the second largest locksmith in Finland.

“The acquisition of Turvaykköset is very strategic and constitutes an important
step for ASSA ABLOY into the locksmith channel in the Nordic region. I welcome
in particular the addition of Turvaykköset that 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.

"The acquisition of Turvaykköset reinforces our distribution footprint in
Finland and helps us become more project orientated, focused on the offering of
state of the art electronic products and service concepts", says Tzachi
Wiesenfeld, Executive Vice President of ASSA ABLOY and Head of the EMEA
division.

Turvaykköset will be run as a separate and independent unit within ASSA ABLOY
Finland and the current management team of Turvaykköset will continue in their
respective positions.

Turvaykköset operates 12 branches with a focus on the Helsinki Metropolitan Area
and currently has some 110 employees.

Sales for 2015 are expected to reach EUR 21 M (approx SEK 200 M). Initially, the
acquisition will be slightly dilutive to earnings per share.

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 it was
founded in 1994, ASSA ABLOY has grown from a regional company into an
international group with about 43,000 employees, operations in more than 70
countries and sales of about SEK 48 billion. ASSA ABLOY offers a more complete
range of door opening solutions than any other company on the market. In the
fast-growing electromechanical security segment, the Group has a leading
position in areas such as access control, identification technology, door
automation and hotel security.