yacht . assa abloy ab type publicly traded aktiebolag traded as nasdaq stockholm assa b industry manufacturing and services founded 1994 ; 22 years ago 1994 headquarters stockholm sweden key people lars renstr m chairman johan molin president and ceo products locks automatic and security doors revenue sek 68.099 billion 2015 1 operating income sek 11.079 billion 2015 1 profit sek 7.693 billion 2015 1 total assets sek 86.177 billion 2015 1 total equity sek 41.575 billion 2015 1 number of employees 45 994 2015 1 website assaabloy.com the assa abloy group is a swedish lock manufacturer and is the world s largest lock manufacturer by sales volume . 2 assa abloy was formed in 1994 when assa ab was separated from swedish security firm securitas ab . shortly thereafter the finnish high security lock manufacturer abloy oy a subsidiary of the finnish company w rtsil was acquired . the company was introduced to the stockholm stock exchange later the same year . assa abloy has since made over 150 acquisitions . 3 a few of these are 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 . its two largest shareholders 4 are latour and melker sch rling ab . contents 1 name 2 history 2.1 founding growth and development 3 overview 3.1 divisions 3.2 ceos 3.3 product categories 3.4 competitors 4 brands & marketing 4.1 currently owned 4.2 ongoing acquisitions 4.3 co operation with colleges and universities 4.4 awards 5 see also 6 references 7 external links name edit assa abloy was founded as the merger of the two companies assa and abloy in 1994 . assa stands for august stenman stenman august . 5 6 the name abloy comes from a contraction of the swedish finnish bilingual name ab l sfabriken lukkotehdas oy meaning literally ltd. lock factory lock factory ltd. first ltd. and l sfabriken from swedish last ltd. and lukkotehdas from finnish . history edit founding growth and development edit emil henriksson the founder of abloy invented the disc tumbler lock mechanism and assa abloy continues to produce an extensive line of these high security locks with the brand abloy . citation needed in 1972 the acquisition of essex industries positioned assa in the us electronic security market . clarification needed 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 w rtsil was acquired . the company was introduced to the stockholm stock exchange later the same year . 3 since 1995 assa abloy has made over 150 acquisitions . 3 a few of these are 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 . its two largest shareholders 4 are latour and melker sch rling ab . assa abloy fired 1800 employees and closed 15 units in 2009 . 7 international pressure forced assa abloy to relocate from an israeli settlement in the occupied west bank to within pre 1976 israeli territory . 8 revenue in 2014 was sek 56 843 million . 9 overview edit divisions edit assa abloy has five divisions emea operates in europe the middle east and africa americas operates in north and south america apac operates in asia and oceania global technologies and entrance systems . ceos edit assa abloy has had the following presidents and ceos 1994 2003 carl henric svanberg 2003 2005 bo dankis 2005 johan molin . product categories edit source 10 mechanical locks electromechanical and electronic locks padlocks access control systems mobile keys automatic doors doors closers exit devices and panic exit devices hotel locks hotel energy management systems safes security doors intelligent lockers key management systems competitors edit assa abloy has five main competitors in its segment ingersoll rand usa stanley black & decker usa dorma germany kaba group switzerland and h rmann germany . all are strong locally on their home markets and also have international presence . the asian market holds many smaller competitors none of which holds a dominant market share . 11 brands & marketing edit currently owned edit a selection of brands owned by assa abloy abloy assa hid medeco yale chubb besam vingcard elsafe traka hes securitron adams rite mul t lock emtek products inc schaub & company ongoing acquisitions edit in 1999 the acquisition of effeff fritz fuss 12 in germany enabled assa abloy to sell electro mechanical locks in the german market . assa abloy also acquired fichet 13 in france a manufacturer of high security locks . assa abloy doubled in size in 2000 when it bought the global lock group yale intruder security . 14 in the same year assa abloy acquired hid 15 a proximity identification access controls company . the acquisition added electronic identification to the assa abloy s product portfolio . in 2001 the company completed its purchase of lockwood in australia . 16 in 2002 besam 17 a swedish automatic door solutions company was acquired . fargo electronics 18 a company developing systems for safe issuing of id cards including card printers peripheral equipment and software was bought in 2006 . in 2007 came the acquisitions of baodean 19 manufacturer of high security locks in china and irevo 20 supplier of digital door locks in korea . in 2008 18 companies were acquired for example shenfei in china . in 2009 the italian door automation manufacturer ditec 21 was bought . another major acquisition was made in 2011 with the purchase of the crawford cardo group . 22 flexiforce was acquired the same year . a number of purchases followed in 2012 . in the us 4front 23 a supplier of docking system solutions frameworks manufacturing inc. a manufacturer of interior aluminum frames and doors and albany door systems 24 a maker of high speed industrial door solutions . in china sanhe metal a fire and security door manufacturer and shandong guoqiang hardware a maker of window hardware products were also acquired . in the uk assa abloy bought securistyle group holdings limited and traka and in canada helton . in the same year the company launched seos a platform that allows near field communication nfc mobile phones to be used to replace mechanical keys and access cards in homes hotels offices hospitals universities and commercial buildings . 25 in 2013 polish mercor sa 26 a fire and security door manufacturer was bought and in the us ameristar 27 a manufacturer of industrial and high security fencing and gates and amarr 28 a sectional doors supplier were taken over . in 2014 us companies identrust 29 active in digital authentication solutions and lumidigm 30 a biometric identification solutions provider were acquired . in 2015 assa abloy made a number of further takeovers . msl in switzerland a manufacturer of innovative locks 31 was purchased as well as us quantum secure a provider of solutions to manage identities and meet compliance requirements in highly regulated industries . 32 malaysian lock and hardware company teamware was taken over 33 and in europe l door a manufacturer of sectional doors in belgium was acquired . 34 finnish firm flexim a security systems provider and locksmith 35 was also bought and in the middle east the prometal group a manufacturer of steel and wooden security doors in the uae 36 was acquired . co operation with colleges and universities edit the company is a corporate partner in the stockholm school of economics partner program for companies that contribute financially to the college and works closely with regard to research and education . 37 in 2015 assa abloy joined as partner to kth royal institute of technology s things a start up hub for companies in the area the internet of things . 38 awards edit in 2013 assa abloy was ranked 78 on forbes the world s most innovative companies list and in 2014 as 93 . 39 see also edit companies portal list of swedish companies references edit a b c d e f assa abloy year end report 2015 edmondson ian 28 july 2010 . assa abloy profit climbs raises growth forecast . the wall street journal europe . dow jones newswires . retrieved 29 september 2010 . dead link a b c assa abloy acquisitions archived 6 december 2013 at the wayback machine . a b assa abloy largest shareholder assa history assa abloy history assa abloy layoffs finance trading times january 2009 steven scheer tova cohen israeli companies in west bank feel pressure to relocate . in haaretz 23 february 2016 . http www.assaabloy.com global investors annual report 2014 annual % 20report % 202014.pdf assa abloy products http www.assaabloy.com en com about us business market assa abloy acquires german effeff fritz fuss kgaa the world s leading manufacturer of electric strikes . free online library . thefreelibrary.com . retrieved 2015 08 29 . gunnebo sells fichet bauches lock and door business to assa abloy gunnebo . news.cision.com . retrieved 2015 08 29 . the internationalists masters of the global game p. 18 at google books assa abloy acquires hid world leader in identification technology for access control . free online library . thefreelibrary.com . retrieved 2015 08 29 . 27 apr 2001 assa abloy acquires the remaining shares in lockwood australia retrieved september 2 2015 assa abloy acquires besam world leader in door automatics other otc asazf . globenewswire.com . retrieved 2015 08 29 . assa abloy s hid global corporation to acquire fargo electronics inc. ; acquisition expands opportunities for both companies in secure card issuance and electronic access control . free online library . thefreelibrary.com . retrieved 2015 08 29 . iot evolution world . m2mevolution.com . retrieved 2015 08 29 . assa abloy acquires majority stake in irevo . bloomberg . archived from the original on 2 may 2014 . retrieved 2015 08 29 . fe investegate assa abloy announcements assa abloy assa abloy acquires ditec a global leader in e . investegate.co.uk . 2009 07 29 . retrieved 2015 08 29 . assa abloy expects crawford integration efficiency cost of sek 1.33 bln . rttnews.com . 2011 09 22 . retrieved 2015 08 29 . noodls . assa abloy acquires 4front in the us assa abloy ab worldnews.com . article.wn.com . retrieved 2015 08 29 . reuters editorial 2012 01 11 . assa abloy has finalized the acquisition of albany door systems . reuters . retrieved 2015 08 29 . clark sarah 2012 09 10 . assa abloy launches seos mobile keys . nfc world . retrieved 2016 10 05 . assa abloy acquires mercor sa s fire doors business stockholm stock exchange assa b . globenewswire.com . retrieved 2015 08 29 . 1 archived 2 may 2014 at the wayback machine . chopping dominic 2013 11 07 . assa abloy buys u.s. garage door maker amarr . marketwatch . retrieved 2015 08 29 . zander christina 2014 01 17 . assa abloy acquires identrust in u.s. . marketwatch . retrieved 2015 08 29 . assa abloy acquires lumidigm in the us . marketwatch . 2014 02 10 . retrieved 2015 08 29 . assa abloy acquires msl in switzerland . wallstreet online.de . retrieved 2015 08 29 . direkt 2015 03 26 . assa abloy k per usa bolag svd . svd.se . retrieved 2015 08 29 . assa abloy f rv rvar teamware i malaysia placera . avanza.se . retrieved 2015 08 29 . http www.wallstreet online.de nachricht 7619838 assa abloy acquires l door belgium https www.avanza.se placera telegram 2015 06 04 assa abloy koper finska flexim.html http globenewswire.com news release 2015 06 23 746514 0 sv assa abloy f % c3 % b6rv % c3 % a4rvar prometal i f % c3 % b6renade arabemiraten.html https www.hhs.se