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Assa Abloy

Company nameAssa Abloy AB
Company typePublicly traded Aktiebolag
IndustryManufacturing and services
HeadquartersStockholm, Sweden
Key peopleGustaf Douglas (Chairman), Johan Molin (President and CEO)
ProductsLocks, automatic and security doors
RevenueSEK 36.82 billion (2010)
Operating incomeSEK 6.046 billion (2010)
Net incomeSEK 4.050 billion (2010)
Total assetsSEK 45.39 billion (end 2010)
Total equitySEK 20.82 billion (end 2010)
Employees37,280 (average, 2010)

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The Assa Abloy Group is a Swedish lock manufacturer, the world's largest by sales. 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.

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