ASSA ABLOY Recognized by Forbes

Stockholm — ASSA ABLOY, the global leader in door opening solutions, is once again included in Forbes' World's Most Innovative Companies list. The 2018 rankings see the company among the 100 leading businesses in the world.

"I'm very proud that we have achieved such success with our innovation," says Nico Delvaux, president and CEO of ASSA ABLOY. "Inclusion in Forbes' list is clear evidence that our innovation — and technology-driven culture — pays off."

This is the fourth time that ASSA ABLOY has been in Forbes' innovation top 100, reflecting how the company has sharply increased its investment in innovation and product development since 2007. A notable goal is for products less than 3 years old to account for at least 25% of total sales. This target has been surpassed for 7 consecutive years — the figure was 28% in 2017.

This ranking also reflects ASSA ABLOY's increased efforts in innovation in order to meet the needs of the digital and mobile society for intelligent, connected and networked door opening solutions.

ASSA ABLOY is the global leader in door opening solutions, dedicated to satisfying end-user needs for security, safety and convenience. Since its formation in 1994, ASSA ABLOY has grown from a regional company into an international group with about 47,500 employees and operations in more than 70 countries.

SOURCE: ASSA ABLOY

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