Despite stagnant and slowing construction rates in Europe and China, the global market for mechanical locks and door hardware is expected to continue along a path of steady growth. Locking device sales are forecast to grow at a compound annual growth rate (CAGR) of 5 percent, from $7.2 billion in 2014 to more than $9 billion in 2019.
The fourth quarter gave ASSA ABLOY a strong finish to the year. Full year sales increased by 17%, including 3% organic growth. Operating income (EBIT) represents an increase of 17%. The operating margin was 16.3%. Continue reading ASSA ABLOY: a strong finish to 2014
Schlage, a brand of Allegion Plc, has just introduced its newest innovation, the Schlage Sense system at the 2015 International CES tradeshow.
Assa Abloy, the acknowledged global leader in door opening solutions will be exhibiting the latest wireless access control innovations from Aperio, Smartair and Cliq at the forthcoming Intersec show in Dubai from the 18th – 20th January 2015.
ASSA ABLOY has signed an agreement to acquire Digi Electronic Lock, the leading digital door lock manufacturer in China. Continue reading ASSA ABLOY acquires Digi Electronic Lock in China
ASSA ABLOY has signed an agreement to acquire Jiawei, one of the leading suppliers of security locks in China. Continue reading ASSA ABLOY acquires Jiawei in China