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2014-04-07

ASSA ABLOY: ASSA ABLOY celebrates 20 years as innovative global leader

ASSA ABLOY is today the global leader in total door opening solutions
and opens more doors than any other company in the world. Since the
Group was formed in 1994 ASSA ABLOY has successfully expanded through
a combination of organic growth and over 200 acquisitions. At the
same time, the company has transformed from a traditional lock
company into an innovative multinational security company.

When ASSA ABLOY was founded in 1994, the business was concentrated to
the Nordic countries and had sales of SEK 3,6 billion with 4,700
employees. Since then the Group has grown 1,300 percent to sales of
over SEK 48 billion, with 43,000 employees in more than 70 countries
and sales all over the world.

One important explanation for ASSA ABLOY's strong growth is the
Group's focused strategy on an increased market presence, a high rate
of innovation and cost efficiency in all processes. All in all,
profits have increased by over 5,000 percent since 1994 as a result
of these activities.

"We are rapidly growing with good profitability and cutting edge
technologies. Rising prosperity, extensive urbanization, and
increasing security awareness all boost sales. Two important emerging
fields are secure identities and biometric solutions, as well as new
services in electromechanical solutions. Sustainable products and
emerging markets are other key factors," says Johan Molin, CEO and
President of ASSA ABLOY.

Investments in R&D have increased substantially. ASSA ABLOY currently
has about 1,400 developmental engineers and more than 27 percent of
sales come from products launched over the past three years. Rapidly
growing areas are mainly electromechanical and digital door
solutions, which currently account for almost half of sales.

"To meet the demand for increasingly advanced security solutions we
will increase the already high rate of innovation over the next five
years. Our aim moving forward is to continue to be the industry's
most innovative supplier of door opening solutions," says Johan
Molin.

Read about important milestones in the company's history:
http://www.assaabloy.com/en/com/About-ASSA-ABLOY/Timeline/

Watch the video 20 years of innovation and growth at ASSA ABLOY:
http://www.youtube.com/watch?v=gjgURn3T6Zw

About ASSA ABLOY
ASSA ABLOY is the global leader in door opening solutions, dedicated
to satisfying end-user needs for security, safety and convenience.
Since it was founded in 1994, ASSA ABLOY has grown from a regional
company into an international group with about 43,000 employees,
operations in more than 70 countries and sales of about SEK 48
billion. ASSA ABLOY offers a more complete range of door opening
solutions than any other company on the market. In the fast-growing
electromechanical security segment, the Group has a leading position
in areas such as access control, identification technology, door
automation and hotel security.

ASSA ABLOY was formed on November 8, 1994, when Securitas in Sweden
and Metra in Finland merged their lock businesses.

More information
Johan Molin, President and Chief Executive Officer +46 (0)8-506 485 42
Carolina Dybeck Happe, CFO tel: +46 (0)8-506 485 72

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http://news.cision.com/assa-abloy/r/assa-abloy-celebrates-20-years-as-in...
http://mb.cision.com/Main/7333/9564697/229890.pdf

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