ASSA ABLOY acquires leading door service company in the UK

1 Feb 2005

Doorman Services' business is in the supply, installation and service of manual and automatic doors and roller shutters throughout the UK with about 170 employees. The company has a strong presence in the retail segment.
 
Main attractions to ASSA ABLOY include a broad service offering and the ability to offer more one-stop shop service solutions for complete entrance systems.
 
The purchase price on a net debt free basis amounts to GBP 6 M. The company generated sales of GBP 11 M and an EBITA-margin of 8% in 2004. The acquisition is expected to be accretive to EPS from the date of acquisition.
 
 
 
For further information, please contact
 Göran Jansson, Deputy CEO and CFO, tel. +46-8-506 485 72
Martin Hamner, Director of Investor Relations, tel: +46-8-506 485 79
 
 
 
ASSA ABLOY AB (publ)
P.O. Box 70340, S-107 23 Stockholm
Tel: +46 8 506 485 00, Fax: +46 8 506 485 85
Visiting address: Klarabergsviadukten 90
 
www.assaabloy.com
               
 
The ASSA ABLOY Group is the world's leading manufacturer and supplier of locking solutions,
dedicated to satisfying end-user needs for security, safety and convenience. The Group has about
30,000 employees and annual sales of about EUR 3 billion.