Grand Hyatt in San Francisco Deploys VingCard Comprehensive Locking System

VingCard Elsafe, the global leader in hospitality security and part of the ASSA ABLOY Group, announces that the luxurious Grand Hyatt San Francisco has selected a complete package of VingCard Elsafe solutions for installation as a key component of the comprehensive renovation of its 659 guestrooms. The completed renovation features the addition of VingCard's energy management system and RFID locks powered by the cutting-edge wireless online access management system. Read more

Queensland University Locks Out Threats With Assa Abloy

ASSA ABLOY Hardware and Keying worked closely with John Barnes Locksmiths and architects, Architectus and S2F, to equip the school's new state-of-the-art facilities in Gatton, Australia. read more

KESO to Install Locking Systems for European Grocery Chain

Thirty-five Kaufland hypermarkets in Germany already use the KESO K 4000S Omega mechanical locking system, which offers the perfect combination of Swiss quality and locking precision. The plan is for KESO, through its offices in Buchholz, Lower Saxony, to start equipping other Kaufland locations across Europe immediately. The work will be performed either by KESO employees or selected trade specialists. read more

Azerbaijan Finance Ministry Relies on Assa Abloy Electronic and RFID Locks

The new 132-room headquarters is central to the operations of the Ministry of Finance of Nakhichevan Autonomous Republic, the city and district finance bodies and branches, the Treasury Department on Central Bodies, the State Chamber of Standards, the Information Technologies Center and the Finance Scientific-Training Center. read more

Assa Abloy Half-Year Report Shows Solid Progress

*Sales totaled SEK 10,502 M (9,356), representing an increase of 12 percent, made up of 5 percent organic growth, 20 percent acquired growth and currency effects of -13 percent.
*Strong growth in Asia and South America.
*Slow but stable development on the mature markets.
*Operating income (EBIT) increased by 7 percent and amounted to SEK 1,615 M (1,515).
*The operating margin amounted to 15.4 percent (16.2) including dilution from acquisitions and currency with 1.1 percent.
*Sale of Lorentzen & Wettre to ABB means that the Cardo transaction will be complete.
*Reduced tax rate to 22 percent (24).
*Net income amounted to SEK 1,156 M (1,031).
*Earnings per share rose by 12 percent to SEK 3.07 (2.74) read more

Assa Abloy Sells Paper Maker Lorentzen & Wettre to ABB

ASSA ABLOY has signed an agreement with ABB to sell Lorentzen & Wettre, part of the former Cardo group. The selling price is SEK 750 M on a cash and debt free basis. read more

Assa Abloy Door Security Opens for Cisco 2010 World Expo Pavilion

Assa Abloy has been helping to support Cisco’s pavilion at World Expo 2010 with its Lockwood and Trimec mechanical and electromechanical door security solutions. read more

Assa Abloy Acquires Nearly One-Third of Swedish Entrance Provider Agta Record

Assa Abloy has acquired 32.95 percent of the Swiss entrance automation company Agta Record from Somfy. read more