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ASSA ABLOY on Forbes List of the World’s 100 Most Innovative Companies

Ranked 78th in Forbes' list of the world's most innovative companies 2013

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

ASSA ABLOY is ranked 78th in Forbes’ list of the world’s most innovative companies 2013

“I’m very pleased that we have achieved such success with our R&D,” said Johan Molin, president and CEO. This is the result of our substantial investments in innovation in the past seven years. ASSA ABLOYs R&D 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.”

Since its formation in 1994, ASSA ABLOY 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.

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