Innovation is the basis of future growth

ASSA ABLOY is the global leader in total door opening solutions. Our goal is to be the most innovative as well. We are well on the way.

For the third time in four years ASSA ABLOY has been ranked on Forbes list of the world's 100 most innovative companies in 2016

Since 2005 we have increased our R&D investment by 230 percent, reaching a new record level of SEK 1,932 M in 2015, equivalent to 3 percent of sales. The number of product development engineers has grown to almost 1,400, a 70 percent rise. Investments in product development have increased by 90 percent over the past five years, with a sharp rise in the number of development engineers with electronics expertise at our product development and competence centers, in close cooperation with customers and partners. 

Sales of new products have risen to 35 percent of total sales over the past three years, exceeding our target of 25 percent.

This success rests on understanding our customers and their underlying needs so we focus on the right things. We then apply this knowledge to every step of the value chain ensuring we do things right.

Investments in research and development

While innovation has been identified as crucial to reaching our organic growth target of 5 percent, it is by no means a recent addition to our strategy. Just 20 years ago ASSA ABLOY was a Scandinavian mechanical lock company. Today, we design, create, manufacture, install and service the full range of electromechanical and advanced door opening solutions.

With the expertise and experience we have gained over two decades, ASSA ABLOY is in a strong position to lead the future development of our industry, not only in terms of product development but business process and sustainable outcomes, ensuring our solutions are also affordable and safe for the planet.

Our innovation incubator, Future Lab, is where stakeholders can actively take part in shaping industry direction and product development.

Visit Future Lab