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ASSA ABLOY acquires 4Front in the US

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