Pyropanel’s product offering along with Assa Abloy’s
specification strength is expected to create further growth opportunities and
strengthen the company’s position in the commercial segment.

Pyropanel’s sales reached $A19 million in 2006 with a
good EBIT-margin and the acquisition is expected to be EPS accretive from the
date of acquisition. Pyropanel will be consolidated into ASSA ABLOY’s Asia
Pacific division.