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ASSA ABLOY AB

 
Hoover's Profile: ASSA ABLOY AB
(OMX Stockholm:ASSAB.B)
Contact Information
ASSA ABLOY AB
Klarabergsviadukten 90
SE-107 23 Stockholm, Sweden
Tel. +46-8-506-485-00
Fax +46-8-506-485-85

Type: Public
On the web: http://www.assaabloy.com

Who knows how many secrets have stayed secret thanks to ASSA ABLOY, the world's largest lockmaker. Having more than 150 companies, it has installed some 1 billion locks worldwide. ASSA ABLOY produces mechanical, electromagnetic, and electronic locks, mainly for buildings. It also offers locking systems for cars, parking meters, pay phones, and gaming machines, as well as for hotels, offices, hospitals, and schools. It offers security planning, maintenance, and consulting services for institutional locking systems. The group was formed in 1994 following the spinoff of Assa AB from Swedish security group Securitas. Assa then acquired lock company Abloy from Finnish engineering firm Wärtsilä (formerly Metra Oyj).

Key numbers for fiscal year ending December, 2008:
Sales: $4,497.4M
One year growth: (14.2%)
Net income: $314.0M
Income growth: (40.3%)

Officers:
Chairman: Gustaf Douglas
President, CEO, and Director: Johan Molin
EVP and CFO: Tomas Eliasson

Competitors:
Eastern Company
Ingersoll-Rand Security Technologies
Master Lock

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