Company Overview and History
– Assa Abloy was founded in 1994 through the merger of Assa and Abloy.
– Assa stands for August Stenman Stenman August.
– The name Abloy comes from a contraction of the Swedish Finnish bilingual name Ab Låsfabriken Lukkotehdas Oy.
– The name Abloy means ‘Corp. Lock Factory Lock Factory Corp.’
– In 1919, the company was renamed Aktiebolag Lukko Osakeyhtiö.
– Assa Abloy was formed in 1994 through the merger of Swedish firm ASSA and Finnish high-security lock manufacturer Abloy.
– The company was introduced to the Stockholm Stock Exchange in the same year.
– From a regional company with 4,700 employees in 1994, Assa Abloy has become a global group with 51,000 employees in 2021.
– The company operates in over 70 countries.
– Revenue in 2021 was SEK 95,007 M.
– Assa Abloy’s two largest shareholders are Latour and Melker Schörling AB.
– The company has a target of 5 percent acquired growth over a business cycle.
– Assa Abloy’s revenue has grown by more than 9% annually.
– The company operates in various sectors, including locks, doors, gates, and entrance automation.
– Assa Abloy’s acquisitions have expanded its global presence and product portfolio.
Acquisitions
– Assa Abloy has made over 200 acquisitions since its formation in 1994.
– Some of the notable acquisitions include Yale lock, Chubb Locks, Medeco in the United States, Mul-T-Lock in Israel, and Fichet-Bauche in France.
– The company acquired HID in 2000, adding electronic identification to its product portfolio.
– In 2018, Assa Abloy acquired Lorient, a UK-based designer and manufacturer of high-performance door sealing systems.
– In 2021, Assa Abloy acquired Sure-Loc, the leading supplier of residential locks and associated hardware in the US.
– Mercor SAs fire Doors business acquired by Assa Abloy on the Stockholm Stock Exchange.
– Ameristar acquired by Assa Abloy.
– U.S. garage-door maker Amarr acquired by Assa Abloy.
– Luxer One in the US acquired by Assa Abloy.
– Site access specialist Biosite acquired by Assa Abloy.
– Assa Abloy acquires Sure-Loc in the USA.
– Assa Abloy acquires the HHI division of Spectrum Brands for MUSD 4,300.
– Assa Abloy acquiring HHI / Kwikset.
– Janam Technologies acquired by Assa Abloy.
– Securitech Group Inc. acquired by Assa Abloy.
Cooperation with Colleges and Universities
– Assa Abloy is a Corporate Partner in the Stockholm School of Economics partner program.
– The company works closely with KTH Royal Institute of Technology’s Things, a start-up hub for companies in the Internet-of-things sector.
– Assa Abloy contributes financially to the colleges and collaborates on research and education.
– The partnership with these institutions helps drive innovation and technological advancements.
– Assa Abloy’s cooperation with colleges and universities strengthens its position in the industry.
Expansion in the US
– Assa Abloy acquires Sure-Loc in the USA.
– Assa Abloy acquires the HHI division of Spectrum Brands for MUSD 4,300.
– Assa Abloy acquiring HHI / Kwikset.
– Janam Technologies acquired by Assa Abloy.
– Securitech Group Inc. acquired by Assa Abloy.
Press Releases and Market Watch
– ABLOY, ASSA. Press Release.
– ASSA ABLOY acquires Luxer One in the US | ASSA ABLOY.
– ABLOY, ASSA. ASSA ABLOY acquires Sure-Loc in the USA.
– Spectrum Brands: Assa Abloy acquires the HHI division of Spectrum Brands for MUSD 4,300.
– Assa Abloy (4 October 2023). Assa Abloy Acquires Securitech Group Inc.
– Assa Abloy acquires Ameristar.
– Assa Abloy buys U.S. garage-door maker Amarr.
– Assa Abloy acquires Luxer One in the US.
– Assa Abloy acquires site access specialist Biosite.
– Assa Abloy acquires Sure-Loc in the USA.
– Corporate Partners.
– Partners — THINGSTOCKHOLM.
– Mercor SAs fire Doors business Stockholm Stock Exchange.
– Spectrum Brands: Assa Abloy acquires the HHI division of Spectrum Brands for MUSD 4,300.
– Assa Abloy (4 October 2023). Assa Abloy Acquires Securitech Group Inc.Sources: https://en.wikipedia.org/wiki/ASSA_ABLOY
