ASSA ABLOY is a global supplier of total lock and door solutions. The company operates in the security market in a business segment that represents 15% of the total security market. ASSA ABLOY has a global market share of 10% and expects to grow by more than 10% p.a. The company’s growth drivers are innovation (investment in R&D), the new electronic world (electro mechanics), emerging market expansion and acquisitions. Acquisitions are an important element in the company’s development. The general security market growth is expected to be in line with GDP. ASSA ABLOY operates in a globally fragmented lock market, but locally the markets are fairly consolidated. 75 percent of ASSA ABLOY’s sales are mainly to institutional and commercial customers and primarily consist of recurring business (67 percent of sales are after market). ASSA ABLOY has improved production efficiency by moving production from high-cost countries to low-cost countries, hence increasing total purchases of raw material and finished products from low-cost countries from 23% to 46% percent over the past six years.