ASSA ABLOY Plans Growth in China

STOCKHOLM, Sweden

ASSA ABLOY AB says it is planning a four-fold revenue growth in its Chinese operations during the next five years and has not ruled out making further acquisitions in the country’s fast-growing security sector.

ASSA ABLOY CEO Bo Dankis told AFX-Asia his company is focusing heavily on China’s “fast-growing middle class that owns possessions that it wants to protect.”
Within China, Dankis says business is evenly split three ways: One-third was making high-technology door-locking products for international hotel chains; a further third was locks made for Chinese institutions and homeowners; the rest were low-cost locks made for export from its base in southern China.

Dankis also told AFX-Asia that a nine-year strategy by the Swedish electronic security firm of acquiring companies around the globe – including in the U.S. – will shift from a strategy of “acquisitions to organic growth.” “China is one of the few countries where we may go for an acquisitions strategy,” he said.

If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!

Security Is Our Business, Too

For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Commercial Integrator + Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add to your bottom line.

A FREE subscription to the top resource for security and integration industry will prove to be invaluable.

Subscribe Today!

Get Our Newsletters