Acquisition of Chubb Safes

Acquisition of Chubb Safes th On August 10 , Gunnebo signed an agreement with Assa Abloy to acquire Chubb Safes. The acquisition has been completed today, and Chubb Safes will be st consolidated as of September 1 . In some countries the acquisition is still dependent on the resolution, which is expected in the near future, of a number of points, including that of official approval. Chubb is one of the world's leading brand names within physical security, and the company is market leader within its product areas in England, Canada, South Africa, India, Indonesia and certain other parts of Asia. Annual turnover amounts to some MSEK 1,200. After the acquisition, Gunnebo's turnover will amount to some MSEK 6,000. The acquisition is expected to have only a marginal impact on earnings per share for the current year, with a positive contribution expected from 2001 onwards. It will make a full impact on the result in 2-3 years' time when the process of integration has been completed. GUNNEBO AB (publ) Information For further information please contact: Bjarne Holmqvist, President and CEO, Gunnebo AB, telephone: +46-(0)31-83 68 00 or cellphone: +46-(0)708-40 03 70 or Lennart Gustavsson, CFO, Gunnebo AB, telephone: +46-(0)31-83 68 00 or cellphone: +46-(0)705-93 40 80. ------------------------------------------------------------ This information was brought to you by BIT The following files are available for download:

About Us

The Gunnebo Group is a global leader in security products, services and solutions with an offering covering cash management, safes and vaults, entrance security and electronic security for banks, retail, mass transit, public & commercial buildings and industrial & high-risk sites. The Group has an annual turnover of MSEK 6,000, employs 5,200 people and has sales companies in 28 countries across Europe, Middle East & Africa, Asia-Pacific and the Americas as well as Channel Partners on over 100 additional markets. We make your world safer.