ASSA ABLOY
 |
|
| Publicly traded Aktiebolag | |
| Traded as | Nasdaq Stockholm: ASSA B |
| Industry | Manufacturing and services |
| Founded | 1994 |
| Headquarters | , Sweden |
|
Key people
|
Lars Renström (Chairman), Johan Molin (President and CEO) |
| Products | Locks, automatic and security doors |
| Revenue | SEK 68.099 billion (2015) |
| SEK 11.079 billion (2015) | |
| Profit | SEK 7.693 billion (2015) |
| Total assets | SEK 86.177 billion (2015) |
| Total equity | SEK 41.575 billion (2015) |
|
Number of employees
|
45,994 (2015) |
| Website | assaabloy |
The ASSA ABLOY Group is a Swedish lock manufacturer, and is the world's largest lock manufacturer by sales volume.
ASSA ABLOY was formed in 1994 when Assa AB was separated 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 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 ABLOY was founded as the merger of the two companies Assa and Abloy in 1994. Assa stands for August Stenman Stenman August. The name Abloy comes from a contraction of the Swedish-Finnish bilingual name Ab Låsfabriken Lukkotehdas Oy, meaning literally Ltd. Lock Factory Lock Factory Ltd. (first Ltd. and Låsfabriken from Swedish, last Ltd. and Lukkotehdas from Finnish).
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.
The 1999 acquisition of Essex Industries positioned Assa in the US security market, with the brands Sargent, McKinney, and the Curries/Graham Door Group.
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.
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Wikipedia