Assa Abloy

Assa Abloy AB
Type Publicly traded Aktiebolag
Traded as OMX: ASSA B
Industry Manufacturing and services
Founded 1994
Headquarters Stockholm, Sweden
Key people Gustaf Douglas (Chairman), Johan Molin (President and CEO)
Products Locks, automatic and security doors
Revenue SEK 36.82 billion (2010)[1]
Operating income SEK 6.046 billion (2010)[1]
Profit SEK 4.050 billion (2010)[1]
Total assets SEK 45.39 billion (end 2010)[1]
Total equity SEK 20.82 billion (end 2010)[1]
Employees 37,280 (average, 2010)[1]
Website www.assaabloy.com

The Assa Abloy Group is a Swedish lock manufacturer, the world's largest by sales.[2] 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., Mul-T-Lock in Israel, Fichet-Bauche in France, and VingCard Elsafe International in Norway. It is controlled by Gustaf Douglas through his company Latour.

Contents

Name

ASSA stands for August Stenman Stenman August.[3]

The name Abloy comes from Swedish-Finnish bilingual organisation Ab Låsfabriken Lukkotehdas Oy (first Ltd. and Låsfabriken from Swedish language, last Ltd. and Lukkotehdas from Finnish language), meaning Ltd. Lock Factory Lock Factory Ltd. in 1918 and in the next year Ab Lukko Oy, meaning Ltd. Lock Ltd. In 1990 the name was changed to Abloy Oy.

Organization

History

The Assa Abloy Group was formed in 1994 when ASSA AB was detached from Swedish security company 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.

Locks

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.

Brands

A selection of brands owned by Assa Abloy

See also

References

  1. ^ a b c d e f "Annual Results 2010". Assa Abloy. http://hugin.info/1014/R/1485822/420990.pdf. Retrieved 7 February 2011. 
  2. ^ Edmondson, Ian (28 July 2010). "Assa Abloy Profit Climbs, Raises Growth Forecast". The Wall Street Journal Europe. Dow Jones Newswires. http://online.wsj.com/article/BT-CO-20100728-705418.html. Retrieved 29 September 2010. 
  3. ^ Assa Abloy: History

External links