Assa Abloy

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ASSA ABLOY
Type Public
Founded 1994
Headquarters Stockholm, Sweden
Key people Gustaf Douglas (Chairman of the board), Johan Molin (President and CEO)
Industry Locking solutions
Products Locks, automatic and security doors
Revenue 27,802 million SEK (2005)
Employees 29,500 (2005)
Website http://www.assaabloy.com/

The ASSA ABLOY Group is a Swedish company. The group is the world's leading manufacturer and supplier of locks. 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 now owns Yale lock, Sargent and the high-security lock firms of Medeco in the U.S. and Mul-t-lock in Israel.

It is controlled by Gustaf Douglas through his company Latour.

[edit] The name Abloy

The name Abloy comes from Swedish-Finnish twilingual organisation Aktiebolag Lukkoteollisuus Osakeyhtiö. of which the two first letters are Swedish language, the three last, Finnish language. Abloy produces an extensive line of high-security disc tumbler locks.

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OMX Stockholm 30 companies of Sweden

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