ASSA ABLOY Divests effeff's Alarm Division.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--March 6, 2000 Besides being the world leader in electric strikes effeff has a leading position in Germany in developing, producing and marketing of alarms systems for intrusion and fire security. This is an area of less strategic value for ASSA ABLOY. An agreement has therefor there·for adv. For that: ordering goods and enclosing payment therefor. Adv. 1. therefor been signed with Caradon plc, UK to sell this division. After the divestiture effeff will have sales of approximately DEM See digital elevation model. 140 M, about US $ 70m, with a maintained high margin exceeding 20 percent. The sales price amounts to DEM 365 M, US $ 180m, and will lead to a major reduction of ASSA ABLOY's debt and goodwill from the acquisition. The divestiture will be EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. neutral for ASSA ABLOY. The ASSA ABLOY Group is the world's leading manufacturer and supplier of locks and associated products, dedicated to satisfying end-user needs for security, safety and convenience. In 1999 the Group reported sales of SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 10, 277 million, US $ 1,2b, and has about 13,000 employees. ASSA ABLOY AB is listed on the official list at the Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. . |
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