MAB’s sales are expected to reach 18 million EUR in 2001. The company is operating with high profitability, and the acquisition is expected to add to ASSA ABLOY’s earnings per share from 2002. The acquisition will create goodwill of 9 million EUR. There are also cross-selling synergies to be developed. Besides the replacement throughout the Group of similar products currently sourced externally, there is interest from ASSA ABLOY companies worldwide in adding MAB products to their portfolios.

There are two main types of door closers, overhead-mounted and floor springs. The company’s position is particularly strong in floor springs. A floor spring is a concealed door closer installed in the floor and is widely used with glass doors, a growing product segment. More than 60% of sales are to the replacement sector, for renewing worn-out floor springs with a product having identical dimensions.