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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
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ASSA ABLOY acquires 4Front in the US

STOCKHOLM, SWEDEN -- (Marketwire) -- 12/27/12 -- ASSA ABLOY has acquired the US company 4Front, leader in docking systems. 4Front offers a complete product range around docking systems as well as a large variety of accessories.

"4Front, with its leading brands, is yet another strategic entry to the important North American market in entrance automation. I welcome this addition that further reinforces the ASSA ABLOY Group's leadership in entrance automation, growing from SEK 3 billion in 2008 to more than SEK 12 billion proforma in 2012", commented Johan Molin, President and CEO of ASSA ABLOY.

"The acquisition of 4Front is a great addition to our growing portfolio of docking systems and adds also strongly to our position in the indirect channel of entrance automation products. 4Front has a strong market position, excellent products and a very experienced organization. We look forward to develop the US and other markets together with the 4Front team", commented Juan Vargues, Executive Vice President of ASSA ABLOY and Head of Division Entrance Systems.

The company was founded in 1953 and is based in Carrollton, Texas with operations in USA, Canada, Mexico and India. The company has 750 employees.

Sales for 2012 are expected to reach USD 165 M (SEK 1,100 M). The acquisition will be accretive to EPS from start.

The deal was closed simultaneously with signing on December 24, 2012.



Press release PDF: http://hugin.info/1014/R/1667323/541266.pdf



This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: ASSA ABLOY via Thomson Reuters ONE

[HUG#1667323]

For more information, please contact:

Johan Molin
President and CEO
tel no: +46 8 506 485 42

Carolina Dybeck Happe
CFO and Executive Vice President
tel no: +46 8 506 485 72

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