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ASSA ABLOY has also increased its ownership in KESO AG of Switaerland. Take, for example, the KESO patent covering a dimple key sold by Sargent & Co. KESO is a leading Swiss cylinder manufacturer recognized throughout the world -- The company has sales of CHF 50 M, of which 50 percent are exports -- KESO's flat key cylinder concept strengthens ASSA ABLOY's total offering -- ASSA ABLOY is increasing its ownership from 35 to 65 percent -- Remaining shares will be acquired by the end of 2003 |
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