Assa Abloy

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Assa Abloy AB
Type Publicly traded Aktiebolag
Traded as OMXASSA B
Industry Manufacturing and services
Founded 1994
Headquarters Stockholm, Sweden
Key people Lars Renström (Chairman), Johan Molin (President and CEO)
Products Locks, automatic and security doors
Revenue SEK 48,481 million (2013) [1]
Operating income SEK 7.923 million (2013) [1]
Profit SEK 4.775 million (2013) [1]
Total assets SEK 65.763 million (2013) [1]
Total equity SEK 28.813 million (2013) [1]
Employees 43,000 (2013):[2] [1]
Website www.assaabloy.com

The Assa Abloy Group is a Swedish lock manufacturer, and is the world's largest lock manufacturer by sales volume.[3]

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.[4] 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[5] are Latour and Melker Schörling AB. In 2014, Assa Abloy is named #78 on Forbes’ “The World’s Most Innovative Companies” list.[6]

History[edit]

Official name[edit]

ASSA ABLOY. ASSA stands for August Stenman Stenman August[7] 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, growth and development[edit]

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.[citation needed]

In 1972, the acquisition of Essex positioned Assa Abloy in the U.S. electronic security market.[clarification needed]

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.[4]

Since 1995 Assa Abloy has made over 150 acquisitions.[4] 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[5] are Latour and Melker Schörling AB.

Assa Abloy fired 1800 employees and closed 15 units in 2009.[8] Revenue in 2012 was SEK 46,619 billion[citation needed]

Overview[edit]

Divisions

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[9]
  • Mechanical locks
  • Electromechanical and electronic locks
  • Padlocks
  • Access control systems
  • Mobile keys
  • Automatic doors
  • Doors closers
  • Exit devices and panic exit devices
  • Hotel locks
  • Security doors
  • Intelligent lockers
  • Key management systems

Brands & marketing[edit]

Currently owned[edit]

A selection of brands owned by Assa Abloy:

Timeline of acquisitions[edit]

In 1999 the acquisition of Effeff Fritz Fuss[10] in Germany enabled Assa Abloy to sell electromechanical locks to the German market. Assa Abloy also acquires Fichet[11] in France, manufacturer of high security locks. The company doubles in size in 2000 when the global lock group Yale Intruder Security[12] is acquired. The same year, Assa Abloy also acquires HID,[13] a proximity identification access controls company. The acquisition added electronic identification to the Assa Abloy’s product portfolio.

Two years later in 2002, Besam,[14] a Swedish automatic door solutions company is acquired. Fargo Electronics[15] is acquired in 2006, a company developing systems for safe issuing of ID cards, including card printers, peripheral equipment and software. In 2007, including the acquisitions of Baodean[16] manufacturer of high-security locks in China and iRevo,[17] supplier of digital door locks in Korea. In 2008 18 companies are acquired, for example ShenFei in China.

In 2009 the Italian door automation manufacturer Ditec[18] is acquired. Then in 2011 another major acquisition is made: Crawford (Cardo Group).[19] Flexiforce is acquired the same year. A number of acquisitions follow in 2012. In the US: 4Front,[20] supplier of docking system solutions; Frameworks Manufacturing Inc., manufacturer of interior aluminum frames and doors; and Albany Door Systems,[21] 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.[11]

In 2013 Polish Mercor SA,[22] a fire and security door manufacturer is acquired. In the US, Ameristar,[23] manufacturer of industrial and high security fencing and gates; and Amarr,[24] sectional doors supplier are acquired. In 2014 US companies IdenTrust,[25] active in digital authentication solutions and Lumidigm[26] biometric identification solutions provider are acquired.

See also[edit]

References[edit]

  1. ^ a b c d e ASSA ABLOY: ”Annual Report 2013”
  2. ^ About ASSA ABLOY
  3. ^ 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]
  4. ^ a b c Assa Abloy Acquisitions[dead link]
  5. ^ a b Assa Abloy Largest Shareholder
  6. ^ "The World's Most Innovative Companies". Forbes. Forbes. 
  7. ^ Assa Abloy: History
  8. ^ Assa Abloy Layoffs Finance Trading Times (January 2009)
  9. ^ Assa Abloy Products
  10. ^ http://www.thefreelibrary.com/ASSA+ABLOY+Acquires+German+effeff+Fritz+Fuss+KGaA+-+The+World's...-a054554202
  11. ^ http://news.cision.com/gunnebo/r/gunnebo-sells-fichet-bauche-s-lock-and-door-business-to-assa-abloy,c15861
  12. ^ http://books.google.se/books?id=1rElOfZSopsC&pg=PA18&lpg=PA18&dq=assa+abloy+acquires+Yale+security+intruder&source=bl&ots=6aQRZzFiAx&sig=cRP0FjaZDSuH1FuFcvkQxp_RXRU&hl=en&sa=X&ei=WWpjU66tNMPnygOploC4BA&ved=0CDwQ6AEwAw#v=onepage&q=assa%20abloy%20acquires%20Yale%20security%20intruder&f=false
  13. ^ http://www.thefreelibrary.com/ASSA+ABLOY+Acquires+HID,+World+Leader+in+Identification+Technology...-a066621916
  14. ^ http://globenewswire.com/news-release/2002/04/29/286806/26780/en/ASSA-ABLOY-Acquires-Besam-World-Leader-in-Door-Automatics.html
  15. ^ http://www.thefreelibrary.com/ASSA+ABLOY'S+HID+Global+Corporation+to+Acquire+Fargo+Electronics...-a0146104510
  16. ^ http://www.m2mevolution.com/news/2007/08/10/2853036.htm
  17. ^ http://www.bloomberg.com/apps/news?pid=newsarchive&sid=adkTi0BW3clE
  18. ^ http://www.investegate.co.uk/article.aspx?id=20090729072500H1339
  19. ^ http://www.rttnews.com/1719266/assa-abloy-expects-crawford-integration-efficiency-cost-of-sek-1-33-bln.aspx
  20. ^ http://article.wn.com/view/2012/12/27/ASSA_ABLOY_acquires_4Front_in_the_US_Assa_Abloy_AB/
  21. ^ http://www.reuters.com/article/2012/01/11/idUS192198+11-Jan-2012+HUG20120111
  22. ^ http://globenewswire.com/news-release/2013/09/06/571757/0/en/ASSA-ABLOY-acquires-Mercor-SA-s-fire-Doors-business.html
  23. ^ http://online.wsj.com/article/PR-CO-20131001-901723.html
  24. ^ http://www.marketwatch.com/story/assa-abloy-buys-us-garage-door-maker-amarr-2013-11-07-2485419
  25. ^ http://www.marketwatch.com/story/assa-abloy-acquires-identrust-in-us-2014-01-17
  26. ^ http://www.marketwatch.com/story/assa-abloy-acquires-lumidigm-in-the-us-2014-02-10

External links[edit]