ASSA ABLOY, the provider of door opening solutions, has for the third time been ranked in Forbes’ list of the world’s most innovative companies 2016.
“I’m very pleased that we have achieved such success with our R&D,” says Johan Molin, President and CEO of ASSA ABLOY. "Over the past ten years ASSA ABLOY has invested heavily in innovation, with the goal of doubling the innovation rate and the target that products launched within the past three years should account for at least 25 percent of sales. Today this target has been achieved, with a share of 31 percent of our sales from new products”.
ASSA ABLOYs R&D investments have increased by 230 percent since 2005, and currently the Group has more than 1800 development engineers. ASSA ABLOYs ambition is to be the industry’s most innovative company.
