Assa Abloy
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.
| Company type | Public (Aktiebolag) |
|---|---|
Traded as | Nasdaq Stockholm: ASSA B |
| ISIN | SE0007100581 |
| Industry | Manufacturing and services |
| Founded | 1994 |
| Headquarters | Stockholm, Sweden |
Key people | Johan Hjertonsson (Chairman), Nico Delvaux (President and CEO) |
| Products | Locks, automatic and security doors |
| Revenue | 140.7 kr billion (2023) |
| 22.18 kr billion (2023) | |
Net income | 13.64 kr billion (2023) |
| Total assets | 196.3 kr billion (2023) |
| Total equity | 91.64 kr billion (2023) |
Number of employees | 61,000 (2023) |
| Website | assaabloy |
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. Its two largest shareholders are Latour and Melker Schörling AB.