ASSA ABLOY Company Description
Who knows how many secrets have stayed secret thanks to ASSA ABLOY, the world's largest lockmaker. Having more than 150 companies, it has installed some 1 billion locks worldwide. ASSA ABLOY produces mechanical, electromagnetic, and electronic locks, mainly for buildings. It also offers locking systems for cars, parking meters, pay phones, and gaming machines, as well as for hotels, offices, hospitals, and schools. It offers security planning, maintenance, and consulting services for institutional locking systems. The group was formed in 1994 following the spinoff of Assa AB from Swedish security group Securitas. Assa then acquired lock company Abloy from Finnish engineering firm Wärtsilä (formerly Metra Oyj).
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The Company Description provides a historical perspective of ASSA ABLOY's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of ASSA ABLOY's evolution in the marketplace.
