Gunnebo Industrier increases its shareholding in Australian subsidiary to 100%

Gunnebo Industrier increases its shareholding in Australian subsidiary to 100%

Gunnebo Industrier is increasing its shareholding in Gunnebo Industries Pty
Ltd., its Australian subsidiary, from 70% to 100%. The transaction strengthens
the position of the Lifting business area in Australia and creates a stable
foundation for the Group's ongoing growth in Australia and Oceania.

With 11 employees, Gunnebo Industries Pty Ltd in Sydney reports annual sales of
SEK 30 million. The subsidiary is primarily engaged in selling and distributing
the chain and lifting components of the Lifting business area. 

Christer Lenner, CEO of Gunnebo Industrier AB, says, "Full ownership provides a
stable basis for further expansion in Australia and Oceania. The region is
exhibiting strong growth, offering solid potential for Lifting as well as our
Technical Products business areas."

The Australian subsidiary, which has been a majority-owned subsidiary since
1990, draws most of its customers from the fishing, harbour, construction,
offshore and mining industries.


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.