IMAB is a well-respected player on the Brazilian lock market with strong growth in recent years. The company has built a strong distribution network of more than 3000 retail outlets.

The main products are mortise locks and cylinders, produced in the factory in São Paulo. IMAB has sales of BRL 15 million (SEK 80 M) and 320 employees.

 

The Brazilian market is of great interest to ASSA ABLOY, being the largest lock market in South America with a growing need for better locking solutions.

 

ASSA ABLOY's existing company on the Brazilian market, La Fonte, has a leading position
at the higher end of the commercial market with sales of BRL 35 million. The acquisition of IMAB will strengthen ASSA ABLOY's position and ambitions for leadership. The two brands will complement each other very naturally. There is also considerable scope for synergy in the production area.

 

Completion is expected by the end of May subject to final due diligence and regulatory approvals.

 

 

 

For further information, please contact

Carl-Henric Svanberg, President & CEO, tel: +46 8 510 05 51

or Göran Jansson, CFO, tel. +46 70 698 85 72

 

 

 

ASSA ABLOY AB (publ)

P.O. Box 70340, SE-107 23 Stockholm

Tel: +46 8 506 485 00, Fax: +46 8 506 485 85

Visiting address: Klarabergsviadukten 90