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August 30, 2008


Assa Abloy to buy Chinese fire rated steel door company BJTM

Thomson Financial reported that Assa Abloy AB will acquire BJTM a Chinese high security fire rated steel door company for an undisclosed sum.

The report added that the acquisition is expected to be EPS positive in 2008 and to close during the second quarter 2008.

Assa Abloy said BJTM has shown very good growth over the last years and is projected to reach a turnover of approximately SEK100 million in 2008 and employs some 400 people.