About ASSA ABLOY AB (publ)

ASSA ABLOY AB (publ) provides door opening solutions worldwide. The company offers mechanical and electromechanical locks, digital door locks, security doors, entrance automation, hotel security and secure identity solutions, primarily in identity and access management, as well as various other related products and services. The company covers all needs for door opening solutions and service for institutional and commercial customers, as well as for the residential market. The company has primary positions in majority of Europe, North and South America, Asia, and Oceania. The company has operations in approximately 70 countries. The company’s distribution partners include security systems integrators, locksmiths, security installers, building and lock wholesalers, retailers, home improvement stores, hardware and security stores, OEMs, and door and window manufacturers. The company’s end customers include large institutional and commercial customers (such as healthcare, education, retail, hospitality, offices, and industry), small and medium-sized customers (such as offices and stores), and residential market (such as apartments and houses). The company engages in the development of digital and mobile security solutions. Divisions The company is divided into three regional (EMEA (Europe, the Middle East and Africa), the Americas (North and South America), and the Asia Pacific (Asia and Pacific)) and two global (Global Technologies and Entrance Systems) divisions. The company’s regional divisions manufacture and sell mechanical and electromechanical locks, digital door locks, cylinders and security doors adapted to the local market’s standards and security requirements. The company’s global divisions manufacture and sell electronic access control, identification products and entrance automation on the global market. EMEA This regional division offers mechanical and electromechanical locks, digital door locks, security and fire doors, and fittings. This regional division operates in Europe, the Middle East and Africa. Products are sold primarily through various distribution channels, and also directly to end-users. The Americas This regional division offers mechanical and electromechanical locks, digital door locks, cylinders, door fittings, security doors, door frames, and industrial high-security fencing and gates. This regional division operates in the U.S., Canada, Mexico, Central America, and South America. The majority of sales are in the U.S. and Canada, where the company has a sales organization and sells its products through distributors. Institutional and commercial customers are the major end-customer segments. Sales in South America and Mexico take place primarily through distributors, wholesalers and home improvement stores. Sales in these markets are distributed between the non-residential and residential segments. The Asia Pacific This regional division offers mechanical and electromechanical locks, digital door locks, high-security doors, fire doors and hardware. Global Technologies This global division consists of HID Global and ASSA ABLOY Hospitality. HID Global: HID Global offers identity solutions worldwide, primarily in identity and access management, and in contactless identification technology solutions. Customers comprise companies, healthcare, education, financial, government and state institutions. ASSA ABLOY Hospitality: ASSA ABLOY Hospitality manufactures and sells electronic lock systems, safes, energy management systems and minibars for hotels and cruise ships under the VingCard and Elsafe product brands. It is the world’s major brands for lock systems and in-room safes, with products installed in approximately 7 million hotel rooms in approximately 42,000 hotels worldwide. Customers are primarily in the institutional and commercial sectors worldwide. Entrance Systems This global division offers entrance automation products, components and service. The product range includes automatic swing, sliding and revolving doors, industrial doors, garage doors, high-performance doors, docking solutions, hangar doors, gate automation, hardware for overhead sectional doors and sensors. This global division has sales companies in 35 countries and distributors in 90 countries. The products are sold through three channels. In the direct channel, new equipment and service are sold direct to end-customers under the ASSA ABLOY brand. The indirect channel primarily targets large and medium-sized distributors under the Entrematic brand. The third channel, Cardo, sells components and hardware for doors in the industrial and residential segments and sensors for the door and elevator industry. Strategy The company’s overall strategic direction is to spearhead the trend toward increased security with a product-driven offering centered on the customer. The strategic action plans are focused on three areas, such as market presence, product leadership and cost-efficiency. Research and Development The company’s expenditure on research and development totaled SEK 2,218 M (1,932) during 2016. History ASSA ABLOY AB (publ) was founded in 1994.