INITIAL is specialized in electromechanical locking solutions and is ABLOY's distributor since many years. The company has sales of EUR 3.3 M and shows good growth and profitability

 

The company will be re-named ABLOY France and will continue to serve their customers and develop their business based on the ABLOY product program.

  

 

 

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

 

 

 

___________