About ASSA ABLOY /Local/assaabloyCOMHK/about-assaabloy.jpg ASSA ABLOY in brief ASSA ABLOY is the global supplier of intelligent lock and security solutions. One in every 10 lock and security installations worldwide uses our products. ASSA ABLOY was formed in 1994 through the merger of ASSA in Sweden and Abloy in Finland. Since then ASSA ABLOY has grown from a regional company into an international group with around 49,000 employees and annual sales of over SEK 94 billion in 2020. In the fast growing security segment, the Group has a leading position in areas such as access control, identification technology, entrance automation and hotel security. We operate in mature and emerging markets worldwide, with leading positions in much of Europe, North America and the Asia Pacific region. ASSA ABLOY Operations ASSA ABLOY is divided into three regional and two global divisions. The regional divisions manufacture and sell mechanical and electromechanical locks, electronic lock, digital door locks, cylinders and security doors adapted to the local market’s standards and security requirements. The global divisions manufacture and sell electronic access control, identification products and entrance automation on the global market. Americas Through innovation and product development ASSA ABLOY is expanding its market reach in north, central and south America. Acquisitions have positioned the company well in the US with the majority of the industry’s leading brands part of our company. Significant investments in customer-facing staff and the number of specifiers and specialists has helped drive product awareness and increased sales in both the residential and commercial construction segments. Demand for green solutions is growing along with wireless solutions for home automation. Brands: Some of the leading brands are: Ceco, Corbin Russwin, Curries, Emtek, Medeco, Phillips, SARGENT, La Fonte, ASSA ABLOY and Ameristar. EMEA The Europe, Middle East and Africa market is very diverse comprising both well-established and emerging markets and an equally wide range of products. In Europe, where the company started, ASSA ABLOY easily has the largest installed lock base and subsequently healthy aftermarket sales providing stable demand. Over the past three years ASSA ABLOY’s sales have expanded to include a sizeable share of large projects requiring advanced door products in sectors such as offices, hospitals, schools and universities. Brands: ABLOY, ASSA, ASSA ABLOY, IKON, Mul-T-Lock, TESA, UNION, Vachette and Yale. Asia Pacific While the focus is often on the massive Chinese market, ASSA ABLOY continues to have strong sales and brand recognition in Australia, New Zealand and South East Asia while the advanced South Korean market contributes to many of the company’s technology breakthroughs and export growth. In China, and to a growing extent India, urbanization and increasing standards of living are driving demand for better security, with domestic sales in China now accounting for 90 percent of Chinese production. Digital Door Lock sales in particular are booming with an 80 percent increase in sales in China and South East Asia. Brands: In China: Baodean, Guli, Pan Pan, Liyi (Shenfei), Doormax, Beijing Tianming, Golking, Sahne and Longdian. In South Korea: Gateman, Angel and King and the global Yale brand. In Australia and New Zealand, the largest brands are Lockwood and Interlock. Global Technologies Global Technologies covers two business areas, HID Global for secure identity management and ASSA ABLOY Hospitality providing solutions predominantly for hotels and cruise ships. HID Global continues to expand in line with growing global demand for secure identity solutions, especially in China, Indonesia, Russia and Latin America, and is well positioned as demand grows for mobile (wireless) solutions. The global product strategy is to gain a large share of the fast-growing electronic identity and access control market and to develop electronic door opening solutions in collaboration with other group operations. ASSA ABLOY Hospitality has established itself as a global market leader in RFID (Radio Frequency Identification) technology and online wireless technologies. These provide hotels and hotel guests with considerably more secure, flexible and user-friendly locks and opportunities for mobile solutions and major energy savings. Our solutions are installed in 7 million hotel rooms in 42,000 hotels globally. Brands: HID, VingCard Entrance Systems In the past three years the Entrance Systems division has trebled its sales establishing ASSA ABLOY as a global leader in entrance automation. Strengthening presence in emerging markets is a priority task for the next three years, with the ambition of increasing the share to 25 percent of the division's total sales. The strategy aims at organic growth with a substantially increased range of modern door opening solutions as well as acquisitions. The division has also begun developing new service concepts moving on from preventive to improvement service. The aim is to offer customers modernization solutions for the division’s own door opening solutions and those of its competitors. Brands: Besam, Crawford, Megadoor, Albany, FlexiForce, Kelley, Serco, Normstahl, Ditec, EM and Amarr.