ASSA ABLOY ranks 78th in Forbes' list of the world's most innovative companies

The Group leads in areas such as access control, identification technology, entrance automation

ASSA ABLOY has been 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," says 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 percent of our sales came from new products launched in the past three years."

The full list is available at: http://www.forbes.com/innovative-companies/list/

ASSA ABLOY is the global leader in door opening solutions. The Group offers a more complete range of door opening solutions than any other company on the market. In the fast-growing electromechanical security segment, the Group has a leading position in areas such as access control, identification technology, entrance automation and hotel security

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. All figures relates to 12 months rolling per 30 June 2013.