ASSA ABLOY sells Trussbilt Detention business

The sale of Trussbilt completes the Group's planned divestures of its detention businesses under the ongoing 'Leverage and Growth' program. This transaction follows ASSA ABLOY's recent sale of its Folger Adam Security Detention business.   

 

The Trussbilt Detention business has annual sales of SEK 125 M and the transaction will have a positive effect on ASSA ABLOY's operating margin.

 

ASSA ABLOY acquired the Trussbilt detention business in June 2001 as part of its purchase of United Door Products.

 

 

For further information, please contact

 Göran Jansson, Deputy CEO and CFO, tel. +46-8-506 485 72

 

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