ASSA ABLOY: Final agreement signed regarding the acquisition of the French Fichet Bauche lock division
A final agreement has now been signed. In addition was signed a co-operation agreement covering certain products that will be sold through the lock division's franchise distributors. The agreement includes the right for the lock division to use the brand name Fichet. The purchase price for a debt free company is based on a fixed price of FFR 185 M and an additional price based on the company's performance in 1999. The French competition authority is informed about the transaction.
For further information, please contact
Carl-Henric Svanberg, President & CEO, tel: +46-8-506 485 52 alt. +46-8-510 0551,
or Göran Jansson, CFO, tel. +46-8-506 485 72 alt. +46-70-698 8572
ASSA ABLOY AB (publ)
P.O. Box 70340, S-107 23 Stockholm
Tel: Int+46-8-506 485 00, Fax: Int +46-8-506 485 85
Visiting address: Klarabergsviadukten 90
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The ASSA ABLOY Group is the world's leading manufacturer and supplier of locks and associated products,
dedicated to satisfying end-user needs for security, safety and convenience. In 1999 the Group
will report sales exceeding SEK 10 billion and has about 12,000 employees.