Assa Abloy AB - Company Profile
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Assa Abloy AB (ASSA) is a provider of security solutions. Its primary activities include the development and distribution of home security systems and advanced biometric technology. The company's product portfolio includes mechanical and digital locks, cylinders, keys, tags, security doors, and automated entrances. ASSA is associated with several brands such as ABLOY, Amarr, Tesa, Sargent, KAD, Mul-T-Lock, Yale, Lockwood, HID, Albany, Ameristar, Angel Metal, and Bruken. Its products and services are utilized by industries including businesses, governments, airports, hospitals, and schools. The company has its operations in the Americas (North America and South America), EMEA (Europe, Middle East and Africa) and Asia-Pacific. ASSA is headquartered in Stockholm, Sweden.
Headquarters
Sweden
Address
Klarabergsviadukten 90, Stockholm, 11164
Website
www.assaabloy.com
Telephone
46 8 50648500
No of Employees
56,845
Industry
Construction
Ticker Symbol & Exchange
ASSA B (STO)
Revenue (2022)
$13.3B
16.5%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
2.6%
(2022 vs 2021)
Market Cap*
$29.5B
Net Profit Margin (2022)
XYZ
-11.9%
(2022 vs 2021)
* As of and is in US$
Assa Abloy AB premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Mechanical and Electromechanical Locking: | ABLOY |
| Mechanical Locks and Hardware | Amarr |
| Digital Door Locks | Bruken |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Acquisitions/Mergers/Takeovers | In April, the company announced the acquisition of Messerschmitt Systems. |
| 2024 | Contracts/Agreements | In March, the company entered into an agreement to acquire Nomadix and Global Reach. |
| 2024 | Divestiture | In February, the company sold its PACA Ascenseurs elevator maintenance division to KONE in France. |
Competitor Comparison
| Key Parameters | Assa Abloy AB | Stanley Black & Decker Inc | Fortune Brands Innovations Inc | Allegion Plc | Oppein Home Group Inc |
|---|---|---|---|---|---|
| Headquarters | Sweden | United States of America | United States of America | Ireland | China |
| City | Stockholm | New Britain | Deerfield | Dublin | Guangzhou |
| State/Province | - | Connecticut | Illinois | - | Guangdong |
| No. of Employees | 56,845 | 50,500 | 11,729 | 12,200 | 24,527 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Carl Douglas | Vice Chairman | Executive Board | 2004 | 59 |
| Nico Delvaux | President; Chief Executive Officer; Head - Global Technologies Division | Senior Management | 2018 | 58 |
| Erik Pieder | Executive Vice President; Chief Financial Officer | Senior Management | 2019 | 56 |
| Helle Bay | Chief Human Resources Officer; Executive Vice President | Senior Management | 2022 | 52 |
| Johan Hjertonsson | Director | Non Executive Board | 2023 | 56 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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