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Company Description

Contact Info

Klarabergsviadukten 90

Stockholm, 111 64


Phone: 46 8 50 64 85 00

Fax: 46 8 50 64 85 85

ASSA ABLOY AB supplies lock and door opening solutions to airports, schools, hospitals, offices, and homes. The company provides solutions in the fields, such as access control, identification technology, automatic doors, and hotel security. The company's product range in the field of electronic security includes electronic cylinders, automatic doors, secure identification and various products for access control. In addition to locks, mechanical security products mainly include products, such as door closers, emergency exit devices and window hardware. It is also a manufacturer of security doors and door hardware. It offers electromechanical lock solutions, such as electromechanical lock cases, access control and electric door closers. Divisions Americas Division The Americas Division manufactures and sells locks, cylinders, electromechanical products, security doors and fittings in North and South America. Majority of sales take place in the United States, Canada and Mexico. The division’s primary brands are Corbin Russwin, Curries, Emtek, Medeco, Phillips, SARGENT, and La Fonte. EMEA Division The EMEA Division manufactures and sells locks, cylinders, electromechanical products, security doors and fittings in Europe, the Middle East and Africa (EMEA). Majority of sales take place in Western Europe. The division’s primary brands are ABLOY, ASSA, IKON, TESA, Yale, and Vachette. Sales in South America and Mexico take place through distributors, wholesalers and DIY stores. Americas division operates in both the non-residential and the residential segment. Asia Pacific Division The Asia Pacific Division manufactures and sells locks, cylinders, electromechanical products, security doors and fittings in Asia and Oceania. The division is divided into five geographical sub-regions: North Asia, China, South Asia, Australia and New Zealand, plus a common group for high-security doors. It primarily sells in Australia and New Zealand. The division’s primary brands are Yale, Lockwood, Guli, Wangli, Baodean, Tianming, Shenfei, Interlock, and iRevo. Global Technologies Division The Global Technologies Division supplies electronic security solutions worldwide. The division consists of two business units, HID Global and ASSA ABLOY Hospitality, which sell their products worldwide. Primary brands are HID, Fargo, Elsafe, and VingCard. HID Global: HID Global provides solutions for secure identification and card issuance, primarily for access management but also for a range of other applications, such as logical access to computers and networks. It provides services in the areas of electronic access control, secure issuance of smart cards, and identification technology using contactless cards and readers for both physical and logical access control. HID Identity and Access Management has a product range that includes various types of card reader, smart cards for access control and control systems, and secure issuance of smart cards. Under the brand name Sokymat, HID Identification Solutions supplies products in the field of contactless smart card technology for secure identification, including electronic passports and identity cards, contactless payment cards, ID marking of animals and other automatic identification applications. The main customers are external system-integrators in the government, financial and industrial sectors. ASSA ABLOY Hospitality: ASSA ABLOY Hospitality provides electronic lock systems and safes for hotels and cruise ships throughout the world. Entrance Systems Division The Entrance Systems Division is a global division that manufactures and sells automatic door systems and service. The product range, sold under the brand name Besam, includes swing doors, sliding doors, revolving doors, air curtains and a service and maintenance program. The division engages in sales and offers its own direct service network around the world, with production in Sweden, the U.K., the U.S.A, and China. It offers solutions to major end-customers in the healthcare, commercial, and transport sectors. Customers The company serves institutional and commercial customers; small and medium-sized customers; and private consumers. Acquisitions In June 2008, the company acquired 100% of the share capital of Rockwood Manufacturing Company, a producer of standard and decorative specialty door hardware in the United States. In July 2008, the company acquired 100% of the share capital of Valli&Valli, an Italian manufacturer of design handles. In July 2008, the company also acquired 100 percent of the share capital of Gardesa, an Italian manufacturer of high-security steel doors. In December 2008, the company acquired 100 percent of the share capital of Shenfei, a Chinese manufacturer of door closers. Competition The company's major competitors include Ingersoll-Rand, Stanley Works, Dorma, Kaba, and Black & Decker. History ASSA ABLOY AB was founded in 1994.


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Valuation ASAZF Industry Range
Price/Earnings 24.6x
Price/Sales 2.8x
Price/Book 4.5x
Price/Cash Flow 23.3x
TEV/Sales 2.3x

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