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2016-10-20

ASSA ABLOY: ASSA ABLOY acquires Trojan Holdings Limited in the United Kingdom

ASSA ABLOY has acquired Trojan Holdings Limited, a leading supplier of
door and window hardware in the UK.

"I am very pleased to welcome Trojan into the ASSA ABLOY Group. Trojan
offers a comprehensive portfolio of window and door hardware products
that in a very good way complements the ASSA ABLOY offering in the UK
market", says Johan Molin, President and CEO of ASSA ABLOY.

"Trojan is an innovative, design driven business, with a strong
management team and a great track record of growth and continuous
product development", says Tzachi Wiesenfeld, Executive Vice
President of ASSA ABLOY and Head of the EMEA division. "Trojan's
products will reinforce the Yale offering in the strategic
residential market in the UK. I am delighted to welcome the Trojan
team into ASSA ABLOY".

Trojan was established in 1993, it is headquartered in Walsall, West
Midlands and has 65 employees.

Sales for 2016 are expected to reach nearly GBP 20 million (approx.
SEK 220 million) and the acquisition will be accretive to EPS from
the 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-trojan-holdings-...
http://mb.cision.com/Main/7333/2104860/577504.pdf

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