|Type||Publicly traded Aktiebolag|
|Traded as||OMX: ASSA B|
|Industry||Manufacturing and services|
|Key people||Lars Renström (Chairman), Johan Molin (President and CEO)|
|Products||Locks, automatic and security doors|
|Revenue||SEK 46,619 million (2012) |
|Operating income||SEK 7,501 million (2012) |
|Profit||SEK 5,125 million (2012)|
|Total assets||SEK 55,373 million (2011)|
|Total equity||SEK 23,527 million (2011)|
Assa Abloy was formed in 1994 when ASSA AB was detached from Swedish security firm Securitas AB. Shortly thereafter, the Finnish high-security lock manufacturer Abloy Oy (a subsidiary of the Finnish company Wärtsilä) was acquired. The company was introduced to the Stockholm stock exchange later the same year. Assa Abloy has since made over 150 acquisitions. A few of these are Yale lock, Sargent and the high-security lock firms of Medeco in the U.S., Mul-T-Lock in Israel, Fichet-Bauche in France, and VingCard Elsafe International in Norway. Its two largest shareholders are Latour and Melker Schörling AB.
ASSA stands for August Stenman Stenman August The name Abloy comes from Swedish-Finnish bilingual organisation Ab Låsfabriken Lukkotehdas Oy (first Ltd. and Låsfabriken from Swedish language, last Ltd. and Lukkotehdas from Finnish language), meaning Ltd. Lock Factory Lock Factory Ltd. in 1918 and in the next year Ab Lukko Oy, meaning Ltd. Lock Ltd. In 1990 the name was changed to Abloy Oy.
Founding and growth
Emil Henriksson, the founder of Abloy, invented the disc tumbler lock mechanism, and ASSA Abloy continues to produce an extensive line of these high-security locks with the brand Abloy.
Assa Abloy was formed in 1994 when ASSA AB was detached from Swedish security firm Securitas AB. Shortly thereafter, the Finnish high-security lock manufacturer Abloy Oy (a subsidiary of the Finnish company Wärtsilä) was acquired. The company was introduced to the Stockholm stock exchange later the same year.
Since 1995 Assa Abloy has made over 150 acquisitions. A few of these are Yale lock, Sargent and the high-security lock firms of Medeco in the U.S., Mul-T-Lock in Israel, Fichet-Bauche in France, and VingCard Elsafe International in Norway. Its two largest shareholders are Latour and Melker Schörling AB.
Assa Abloy has five divisions: EMEA (operates in Europe, the Middle East and Africa), Americas (operates in North and South America), Asia-Pacific (operates in Asia and Oceania), Global Technologies and Entrance Systems.
- Product categories
- Mechanical locks
- Electromechanical and electronic locks
- Access control systems
- Mobile keys
- Automatic doors
- Door closers
- Exit devices and panic exit devices
- Hotel locks
- Security doors
A selection of brands owned by Assa Abloy:
- Arrow Lock and Door Hardware
- Fargo Electronics
- Crawford Locks
Timeline of acquisitions
||This article is in a list format that may be better presented using prose. (January 2014)|
- 1999: The acquisition of Effeff Fritz Fuss in Germany enabled Assa Abloy to sell electromechanical locks to the German market. Assa Abloy acquires Fichet in France, manufacturer of high security locks.
- 2000: The global lock group Yale Intruder Security is acquired. Assa Abloy acquires HID, a proximity identification access controls company. The acquisition added electronic identification to the Assa Abloy’s product portfolio.
- 2002: Besam, a Swedish automatic door solutions company is acquired.
- 2006: Fargo Electronics is acquired. Fargo develops systems for safe issuing of ID cards, including card printers, peripheral equipment and software.
- 2007: Baodean manufacturer of high-security locks in China and iRevo, supplier of digital door locks in Korea are acquired. In 2007, in total, seventeen companies joined the Group.
- 2008: In total Assa Abloy acquired 18 companies, for example ShenFei in China.
- 2009: Italian door automation manufacturer, Ditec, is acquired.
- 2011: Crawford and Flexiforce are acquired.
- 2012: Acquisitions in the US: 4Front in the US, supplier of docking system solutions, Frameworks Manufacturing Inc., manufacturer of interior aluminum frames and doors, and Albany Door Systems, high-speed industrial door solutions. In China: Sanhe Metal, fire and security door manufacturer, and Shandong Guoqiang Hardware, window hardware products. In the UK: Securistyle Group Holdings Limited and Traka. Canada: Helton. Seos, an ecosystem with NFC to replace keys with mobile phones launched.
- ASSA ABLOY: ”Year-End report 2012”
- ASSA ABLOY: ”Consolidated balance sheet”, Online Annual Report 2011.
- ASSA ABLOY:  About ASSA ABLOY, rounded no here, Annual Report with exact no source released in March 2013.
- Edmondson, Ian (28 July 2010). "Assa Abloy Profit Climbs, Raises Growth Forecast". The Wall Street Journal Europe. Dow Jones Newswires. Retrieved 29 September 2010.[dead link]
- Assa Abloy Acquisitions
- Assa Abloy: History
- Assa Abloy Layoffs Finance Trading Times (January 2009)
- Assa Abloy Products
- Assa Abloy Timeline