Sweden. Assa Abloy Financial Services AB
| Date of agreement: | 17 Dec 2013 |
|---|---|
| Country: | Sweden |
| Customer: | Assa Abloy Financial Services AB |
| Amount in EUR: | EUR 110 million |
| Maturity: | 6 years |
| NACE sector / loan type: | Manufacture of fabricated metal products |
Project
The loan has been provided in two tranches with maturities of 6 and 8 years for research and development investments in the Nordic area. The R&D investments, mainly at the company’s innovation centre in Stockholm, are to support new products and technologies related to electronics security solutions. The company also has R&D activities in Finland, Norway and Denmark.
Assa Abloy AB is a global leader in the industry of locks, entrance automation and security doors. The company was founded in 1994 through a merger between the lock businesses of Swedish Securitas and Finnish Metra. In the electromechanical security segment, the group has a leading position in the areas of access control, identification technology, entrance automation and hotel security.
Fulfilment of NIB's mandate
As a result of its investments in R&D and acquisitions in recent years, the company has been able to extend the technological frontier of the industry and strengthen its global market position. The company is planning to increase its R&D budget in the coming years. The good track record in R&D activities is mirrored in the growing revenue generated from new products by 16–25% in the past three years. The company’s innovative applications are used globally in many types of buildings with different needs, such as hospitals, public buildings, banks, industries, etc. Currently, around 1,300 engineers are employed globally working with R&D.
Sustainability summary
The R&D operations of Assa Abloy are assessed as neutral from an environmental impact point of view.
