Munich, February 11, 2008—Shearman & Sterling advised the shareholders of SimonsVoss Technologies AG on the sale of its entire shares to Assa Abloy, the market leader for locking solutions and associated products.

The acquisition is subject to regulatory approvals; the closing is expected to occur during the first half of 2008.

Headquartered in Unterföhring close to Munich, SimonsVoss Technologies AG develops, manufactures and markets wireless electronic locking and access control systems for public and commercial buildings, inter alia the Allianz Arena in Munich. The company is a European technology leader in the rapidly growing market for wireless digital locking and access control systems.

Assa Abloy is a world-wide producer and supplier of locking systems with over 30,000 employees and a turnover of approximately €3 billion.

The following Shearman & Sterling attorneys advised the shareholders of SimonsVoss Technologies AG on the transaction: partners Thomas Fox (MU-TX) and Silvio Cappellari (BS-AT), as well as associates Alexander Veith (MU-MA/Corp.), Andreas Scheidle (MU-TX) and Stephanie Birmanns (BS-AT).

For additional information contact:
Marcus Brans | Düsseldorf | T +49.211.17888.907 |