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2016-11-16

ASSA ABLOY: ASSA ABLOY acquires Construction Specialties in the US and Mexico

ASSA ABLOY has acquired Construction Specialties, a leading direct
sales company within commercial sectional doors and docking products
in the U.S. and Mexico.

"I am very pleased that Construction Specialties is joining the ASSA
ABLOY Group. I welcome this addition that further reinforces the ASSA
ABLOY Group's leadership in entrance automation, where our sales have
grown from SEK 3 billion in 2008 to SEK 20 billion in 2016", says
Johan Molin, President and CEO of ASSA ABLOY.

"Construction Specialties has a strong team of well experienced people
and a solid market position. It is another important step for our
growth in North America" says Juan Vargues, Executive Vice President
of ASSA ABLOY and Head of Division Entrance Systems.

Construction Specialties was established in 1994 and has some 140
employees. The company is headquartered in Brownsville, Texas, but
has its main business in Mexico.

Sales for 2016 are expected to reach USD 34 million (approx. SEK 300
million) with a good EBIT margin. The acquisition will be accretive
to EPS from start.

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

About ASSA ABLOY
ASSA ABLOY is the global leader in door opening solutions, dedicated
to satisfying end-user needs for security, safety and convenience.
Since its formation in 1994, ASSA ABLOY has grown from a regional
company into an international group with about 46,000 employees,
operations in more than 70 countries and sales of SEK 68 billion. In
the fast-growing electromechanical security segment, the Group has a
leading position in areas such as access control, identification
technology, entrance automation and hotel security.

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http://news.cision.com/assa-abloy/r/assa-abloy-acquires-construction-spe...
http://mb.cision.com/Main/7333/2123691/590435.pdf

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