Assa Abloy

For the yacht, see Assa Abloy (yacht).

Assa Abloy AB
Company typePublic (Aktiebolag)
Nasdaq Stockholm: ASSA B
ISINSE0007100581
IndustryManufacturing and services
Founded1994; 30 years ago (1994)[1]
HeadquartersStockholm, Sweden
Key people
Johan Hjertonsson (Chairman), Nico Delvaux (President and CEO)
ProductsLocks, automatic and security doors
RevenueIncrease 140.7 kr billion[2] (2023)
Increase 22.18 kr billion[2] (2023)
Increase 13.64 kr billion[2] (2023)
Total assetsIncrease 196.3 kr billion[2] (2023)
Total equityIncrease 91.64 kr billion[2] (2023)
Number of employees
61,000[2] (2023)
Websiteassaabloy.com

Assa Abloy AB is a Swedish Group whose offerings include products and services related to locks, doors, gates, and entrance automation. Related products and services include controlling access and confirming identities with keys, cards, tags, mobile, and biometric identity verification systems.[3]

The company 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 then 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 300 acquisitions including Yale, Chubb Locks, Medeco in the United States, Mul-T-Lock in Israel and Fichet-Bauche in France.[4] Its two largest shareholders are Latour and Melker Schörling AB.[5][6]

  1. ^ "Timeline". About. Assa Abloy. Retrieved 22 May 2018.
  2. ^ a b c d e f Assa Abloy: "Annual Report 2023"
  3. ^ "Annual Report 2018" (PDF). Investors. Assa Abloy. Retrieved 27 May 2019.
  4. ^ "Acquisitions". Investors. Assa Abloy. Retrieved 27 May 2019. Assa Abloy has made over 200 acquisitions since the Group was formed in 1994, and has a target of 5 percent acquired growth over a business cycle
  5. ^ Cite error: The named reference largestshareholder was invoked but never defined (see the help page).
  6. ^ "Annual report 2023" (PDF). ASSA ABLOY. 11 March 2024. Retrieved 2 April 2024.