ASSA ABLOY acquires Security World, South Africa's fastest growing chain of home security stores

6 Sep 2005

An important aspect of ASSA ABLOY's global consumer strategy is to develop channels to consumers in close cooperation with local partners.
Åke Sund, Executive Vice President of ASSA ABLOY, says: "The consumer market has huge global potential for ASSA ABLOY and we are committed to making it easy for people to find the right solution for their home security needs. The acquisition of Security World gives us both valuable experience and a possibility to further develop the consumer offering in South Africa."
For further information or comment contact
Åke Sund, Executive Vice President, tel: +46 8 506 485 74
Martin Hamner, Director of Investor Relations and Group Controller, Tel: + 46 8 506 485 79