ASSA ABLOY has completed the acquisition of Mul-T-Lock

 

 

The company will be consolidated as from February 1, 2000.

 

Mul-T-Lock is Israel's largest manufacturer of locks, lock cylinders and security doors. The acquisition is expected to contribute to earnings per share as from 2001.

 

 

 

 

For further information, please contact

Göran Jansson, CFO, tel. +46-70-698 8572

 

 

ASSA ABLOY AB (publ)

P.O. Box 70340, S-107 23 Stockholm

Tel: Int+46-8-506 485 000, Fax: Int +46-8-506 485 85

Visiting address: Klarabergsviadukten 90

 

 

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The ASSA ABLOY Group is the world's leading manufacturer and supplier of locks and associated products,

dedicated to satisfying end-user needs for security, safety and convenience. In 1999 the Group

will report sales exceeding SEK 10 billion and has about 12,000 employees.