July 07, 2008 05:55 ET

ASSA ABLOY finalizes the Valli&Valli acquisition

STOCKHOLM, SWEDEN--(Marketwire - July 7, 2008) -

In January it was announced that ASSA ABLOY had entered into an agreement to acquire Valli&Valli, a leading Italian manufacturer of design handles.

The acquisition is now finalized and the company will be consolidated from 1 July 2008.

Valli&Valli is based near Milan, Italy. The company employs 170 people and is expected to reach a turnover of more than EUR 30 M in 2008.

For more information, please contact:
Johan Molin, President and CEO, tel no: +46 8 506 485 42
Tomas Eliasson, CFO and Executive Vice President, tel no: +46 8 506
485 72

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