DIY Trade News October 2013
16
news
Spotlight
Feature
Assa Abloy
makes
Forbes list
Assa Abloy has been ranked
78th in Forbes’ list of
the world’s most innovative
companies in 2013.
“I’m very pleased that we have achieved such success with our Research
& Development,” says Johan Molin, President and CEO. “This is the result
of our substantial investments in innovation in the past seven years. Assa
Abloy’s Research & Development investments have increased by 129%
since 2005. Our ambition is to be the industry’s most innovative company,
and in the first half of 2013 more than 26% of our sales came from new
products launched in the past three years,” he says.
The group offers a more complete range of door opening solutions than
any other company on the market. In the fast-growing electromechanical
security segment, the group has a leading position in areas such as access
control, identification technology, entrance automation and hotel security.
Since its formation in 1994, it has grown from a regional company into an
international group with some 43 000 employees operating in more than 70
countries. The group has sales of around SEK 47 billion and an operating
profit of SEK 7.6 billion.
The full Forbes list is available at: www.forbes.com/innovativecompanies/list/
For more info...
Tel: 011-761-5000
Web: www.assaabloy.co.za