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Name | Assa Abloy AB |
Industry | Manufacturing and services |
Key people | Lars Renström (Chairman), Nico Delvaux (President and CEO) |
Revenue | SEK 76.137 billion (2017) |
Operating income | SEK 12.341 billion (2017) |
Number of employees | 48,353 (2018) |
Assa Abloy AB is a Swedish conglomerate whose offerings cover products and services ranging from locks, doors, gates and entrance automation. This also includes controlling identities with keys, cards, tags, mobile and bio-metric identity verification systems. Assa Abloy was formed in 1994, when Assa AB was separated from Swedish security firm Securitas AB. Shortly thereafter, Assa AB merged with the Finnish high security lock manufacturer Abloy Oy (based in Joensuu, a subsidiary of the Finnish company Wärtsilä). The company was introduced to the Stockholm Stock Exchange later the same year. Assa Abloy has since made over 200 acquisitions including Yale lock, Chubb Locks, Medeco in the United States, Mul-T-Lock in Israel and Fichet-Bauche in France. Its two largest shareholders are Latour and Melker Schörling AB.
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