20% - Assa Abloy

Note 36
Adams Rite
On 24 March 2006 the Group acquired 100 percent of the
share capital of Adams Rite, a leading American manufacturer
of locks and fittings for aluminum doors. The acquisition
brings ASSA ABLOY complementary products and new
distribution channels. Adams Rite designs and manufactures
mechanical and electromechanical security products.
The company has a strong brand and product range in aluminum
doors, which are sold through distribution channels
that complement ASSA ABLOY’s existing channels. The
company’s head office is in Pomona, California, where most
of its operations also take place, with a focus on assembly.
In the UK the company is the leading distributor of
mechanical and electromechanical security products for
commercial aluminum doors. The brand has been reported
Note 36 Average number of employees, with breakdown into women and men
ASSA ABLOY
Annual Report 2007
85
Average number of employees by country and by gender
Women Men Total
Group 2006 2007 2006 2007 2006 2007
Sweden 584 587 975 903 1,559 1,490
Finland 435 457 676 699 1,111 1,156
Norway 268 219 405 466 673 685
Denmark 126 149 179 259 305 408
United Kingdom 664 717 1,004 837 1,668 1,554
Belgium 83 83 137 128 220 211
Netherlands 99 109 513 537 612 646
France 913 889 1,394 1,376 2,307 2,265
Germany 484 484 818 791 1,302 1,275
Switzerland 188 177 261 251 449 428
Italy 134 178 201 228 335 406
Spain 239 230 540 556 779 786
Czech Republic 558 712 345 403 903 1,115
Romania 414 350 539 489 953 839
Israel 113 132 301 327 414 459
South Africa 364 328 383 382 747 710
Canada 95 113 453 451 548 564
USA 2,481 2,342 4,110 4,861 6,591 7,203
Mexico 1,808 1,456 1,077 915 2,885 2,371
South America 159 165 533 530 692 695
Malaysia 181 252 76 164 257 416
China 1,635 1,821 2,200 2,512 3,835 4,333
Australia 290 318 724 730 1,014 1,048
New Zealand 158 99 199 202 357 301
Other 280 324 446 579 727 903
Total 12,753 12,691 18,489 19,576 31,243 32,267
Women Men Total
Parent company 2006 2007 2006 2007 2006 2007
Sweden 32 29 51 61 83 90
Other 5 2 8 6 13 8
Total 37 31 59 67 96 98
Gender-split in senior management
Women Men Total
Group 2006 2007 2006 2007 2006 2007
Board of Directors 1 1 1 7 7 8 8
Executive Team – – 9 10 9 10
Total 1 1 16 17 17 18
1 Excluding employee representatives.
separately, while remaining goodwill lies mainly in synergies
and intangible assets that do not meet the criteria for
separate reporting.
Baron
On 31 March 2006 the Group acquired 100 percent of the
share capital of Baron Metal Industries Inc, Canada’s leading
manufacturer of steel doors and door frames. The
acquisition gives ASSA ABLOY a broader range of steel
doors and frames. The company has its head office and factory
in Woodbridge, Toronto. The brand has been reported
separately, while remaining goodwill lies mainly in synergies
and intangible assets that do not meet the criteria for
separate reporting.