“I’m very proud that we have achieved such success with our innovation,” says Nico Delvaux, President and CEO of Assa Abloy. ”Inclusion in Forbes’ list is clear evidence that our innovation- and technology-driven culture pays off.”

This is the fourth time that Assa Abloy has been in Forbes’ innovation top 100 – reflecting how the company has sharply increased its investment in innovation and product development since 2007. A notable goal is for products less than three years old to account for at least 25 percent of total sales. This target has been surpassed for seven consecutive years – the figure was 28 percent in 2017.

This ranking also reflects Assa Abloy’s increased efforts in innovation in order to meet the needs of the digital and mobile society for intelligent, connected and networked door opening solutions.