ASSA ABLOY acquires Pan Pan, China's largest high security steel door manufacturer

Pan Pan was established in 1982 and is headquartered in Yingkou,
north of Beijing. The Company manufactures in six locations in China
and has more than 4,000 employees. Pan Pan has an annual capacity to
produce 2.4 million high security doors in the form of fire, anti
theft, armored, corrosion proof and standard high security doors. The
company has an extensive well established distribution network across
China and complements well ASSA ABLOY's other door companies on the
Chinese market.

Through the acquisition of Pan Pan the ASSA ABLOY Group further
strengthen its market leading position in China with an expected
total turnover of SEK 3,000 M by 2010.

"It is with great satisfaction I welcome Pan Pan to the ASSA ABLOY
Group. The acquisition fits in a perfect way our setup in China and
is an important step in our strategy of expansion into the fast
growing emerging markets. China has in only a few years become one of
our fastest growing and most important markets" says Johan Molin,
President and CEO of ASSA ABLOY.

"The addition of Pan Pan's product portfolio complements our existing
total door solution offering and it will be very important for our
future growth" says Jonas Persson, Head of Asia Pacific Division and
Executive Vice President of ASSA ABLOY.

Pan Pan sales is expected to reach SEK 1,200 M in 2009. The
acquisition is EPS accretive from start.

The acquisition is subject to regulatory approval.


For more information, please 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