Gunnebo Industrier acquires Emirate Safety Services in United Arab Emirates

Gunnebo Industrier acquires Emirate Safety Services in United Arab Emirates

The acquisition of Emirate Safety Services LLC (EmiSafe) in United Arab Emirates
strengthens the presence of the Lifting business area in the Middle East and
provides a platform for the Group's ongoing growth in the region.

With sales of approximately SEK 20 million, EmiSafe has been the Lifting
business area's partner and distributor in the Middle East for a number of
years. The company is primarily engaged in sales of hoisting equipment, as well
as testing and servicing of cranes and lifting equipment. Among its customers
are construction firms, crane companies, shipyards, harbours and shipping lines,
as well as oil and gas companies.

Christer Lenner, CEO of Gunnebo Industrier AB, says that "the Middle East and
United Arab Emirates represent an expansive, fast growing region. In line with
our strategic focus, the acquisition of EmiSafe initially provides a platform
for growth of our Lifting business area in the Middle East. But we foresee solid
potential for our Fastening business area and Blocks business unit as well."

While EmiSafe is most active in Dubai, it also has units in the Abu Dhabi and
Sharjah emirates. The company is expected to be the hub and distribution centre
for Gunnebo Industrier's planned Middle East expansion. 

Gunnebo Industrier is acquiring 49%, the highest foreign shareholding permitted
in United Arab Emirates, of EmiSafe and has contractual control of the
remainder. For reporting purposes, EmiSafe will be fully consolidated into
Gunnebo Industrier.


For additional information, feel free to contact:

Christer Lenner, CEO and President, Gunnebo Industrier AB
+46 705 91 03 05, christer.lenner@gunneboindustries.com

Urban Hedman, Business Area Manager, Gunnebo Lifting
+46 703 95 95 90, urban.hedman@gunneboindustries.com

Tobias Bülow, Director of Group Communications, Gunnebo Industrier AB
+46 703 38 93 10, tobias.bulow@gunneboindustries.com


Gunnebo Industrier AB, an international group of industrial companies, is active
in 14 countries and has around 50 major distributors and agents worldwide. The
group develops, manufactures and markets chain and lifting components, fastening
systems for the construction industry, blocks and systems for heavy lifting,
non-skid products and telescopic ladders. Gunnebo Industrier consists of the
Fastening, Lifting and Technical Products (including the Blocks, Non-Skid and
Telescopics business units) business areas. Gunnebo Industrier, which sells
well-known products in established segments, is the leader in each product and
market area. With around 1,300 employees, the group reported sales of
approximately SEK 1.7 billion in 2006. For further information visit
www.gunneboindustries.com.