ASSA ABLOY (STO:ASSAB) 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. […]

Source www.benzinga.com