ASSA ABLOY Opening Solutions

The world is constantly changing, with people, data and goods moving more fluidly than ever before. The security solution needs to move with it. New Incedo Business connects all security software and hardware within one platform. One can easily scale it up or down, based on one’s needs, to keep people moving and business growing. Together. People need different access times and entry points, and the access and security requirements change day to day – so, a static solution is no longer an option. Instead, a single, all-encompassing security platform should deliver connectivity, convenience and simplicity, keeping one’s premises secure and filtering access to manage the ever-changing movement of people. This is where Incedo Business comes in: a new solution for all types of premises, handling security while leaving one free to focus on growing the business. Incedo ensures employees, customers and goods are where they need to be. Incedo makes life and tasks easier and more efficient for everyone, from installers to end users. Facility managers enjoy more control and flexibility than they ever thought possible, maximizing return on investment, with Incedo Business able to scale quickly when needed. System administrators can do more within available budgets: initiating, cancelling or amending access profiles, and monitoring movement around their site in real time. Building users, meanwhile, get the individual access times and entry permissions they need. They can move freely without compromising the security of other people and equipment. Integrators can upgrade connected technologies and systems quickly, minimizing risk and meeting customers’ raised expectations of modern technology. Installers no longer need to wrestle with incompatible systems: easy interoperability is built into Incedo, meaning no more delays or unnecessary complexity. With Incedo’s modular platform approach, one simply chooses the security hardware and credentials one needs and the appropriate management system option. One can set exactly who can access which doors, and when, from the user-friendly Incedo Business software interface. When Incedo Business launches, one can pick the most suitable options from a growing range of Incedo-enabled security and access control hardware. Road-tested, award-winning ASSA ABLOY wireless digital locks and wired ASSA ABLOY wall readers secure all interior and exterior doors.  Also already available, a choice of card and token credentials helps users enjoy safe and convenient access to, and movement around, the premises. Incedo mobile keys add the flexibility to open doors with a smartphone. Incedo’s system management options, Lite, Plus and Cloud, scale from entry level up to cloud-based administration. One can manage multiple sites and third-party integrations, including security solutions like CCTV. Scale up and down, add or remove hardware and credentials on demand, or switch system management options, all within a single environment. Migration between Lite, Plus and Cloud options is always seamless in any direction, ensuring total flexibility for the business. Incedo moves with you, today and in the future However your business moves, an Incedo system moves along. Having a flexible platform, able to adapt as the organization changes, reduces total cost of ownership: one never needs to retrain staff or start over from scratch. New Incedo-enabled hardware from ASSA ABLOY and third-party providers will continue to be connected to, and made available within, the evolving Incedo platform. One picks the hardware and software configuration one wants, and can change one’s mind as often as one likes. Incedo guarantees flexibility and scalability in every way, to meet the security needs today and in the future. And because the security and operational challenges at a university, small hotel or hospital are not the same as those faced by a public building or corporate HQ, the Incedo ecosystem will introduce new, advanced user interfaces for the specific industry. “Incedo Business transforms the experience of using and managing a building. It is also the seed from which our revolutionary Incedo ecosystem will grow in the months and years ahead,” says Stephanie Ordan, VP Digital and Access Solutions at ASSA ABLOY Opening Solutions EMEA. “A future where doors are smarter, connectivity and movement are seamless, and access management is genuinely intelligent. This is our vision for Incedo and for those who will be using it.” Incedo™ Business embodies ASSA ABLOY’s vision to create a safer and more open world, keeping everyone on the move. Together. To learn more and download a free solution guide, visit https://campaigns.assaabloyopeningsolutions.eu/Incedo-business

ASSA ABLOY has acquired International Door Products (“IDP”), a US manufacturer of standard and custom fire-rated steel door frames. "I am very pleased to welcome IDP to ASSA ABLOY. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business,” says Nico Delvaux, President and CEO of ASSA ABLOY. "This acquisition marks an exciting milestone for ASSA ABLOY Opening Solutions Americas as we welcome International Door Products Inc. into our family," says Lucas Boselli, Executive Vice President of ASSA ABLOY and Head of the Americas Division. Broader range of solutions "This acquisition allows us to offer an even broader range of solutions to our customers. IDP’s premium product portfolio and rapid lead times complement our existing capabilities, ensuring we can meet the evolving needs of construction markets with speed and excellence," continued Lucas Boselli. IDP was founded in 1977 and has some 80 employees. The main office and factory are located in Southfield, Michigan, USA. Sales for 2024 amounted to about MUSD 29 (approx. MSEK 300) with a strong EBIT margin. The acquisition will be accretive to EPS from the start.

When people step into the world of ASSA ABLOY, one thing becomes immediately apparent: this is a company where people are not just employees, but the foundation of its global success. Behind the advanced access solutions, cutting-edge technologies, and international growth lies a culture rooted in collaboration, humility, and an enduring belief that people make the difference. For ASSA ABLOY, people are not a corporate cliché; they are the company’s defining advantage. Across the organization, there is a remarkable blend of long-tenured veterans and fresh talent. Many team members measure their careers with ASSA ABLOY in decades, yet new hires quickly find themselves welcomed into a culture that values individuality and fresh perspectives. Balance between tradition and new energy Leaders encourage new employees not to simply “fit in” but to bring their own unique strengths, ensuring the culture remains dynamic and innovative. This balance between tradition and new energy creates a powerful environment. Veterans provide mentorship and stability, while newcomers bring fresh ideas and curiosity. The result is a company that grows stronger with every hire, a place where people feel empowered to contribute meaningfully from day one. A decentralized and nimble organization What sets ASSA ABLOY apart from many large corporations is its decentralized structure. While most global companies operate with tightly centralized decision-making, ASSA ABLOY empowers its regional teams to act with autonomy. This model enables the company to adapt quickly to local markets. For example, what works in Berlin or Stockholm may not work in Kansas City, and ASSA ABLOY embraces these differences. This approach is more than a business strategy; it’s a cultural mindset. Employees are encouraged to think like entrepreneurs, running their part of the business as if it were their own. They manage budgets, make strategic decisions, and collaborate freely across teams and regions. This autonomy not only accelerates innovation but also instills a sense of ownership and pride across the workforce. Staying ahead of the curve Innovation at ASSA ABLOY is fueled by people who are embedded in every part of the security ecosystem, from end users to architects, consultants, and channel partners. These frontline connections help the company identify needs early, whether it’s adapting existing products, building new solutions, or acquiring innovative startups. Acquisitions are central to the company’s growth, bringing in both technology and entrepreneurial talent. Recent examples include companies like Control iD, offering facial identification biometric solutions, DoorBird, with its intelligent IP-based intercom systems, and Luxer One, with its smart package management solutions. These pioneering businesses joined ASSA ABLOY to gain resources for expansion while preserving the innovative spirit that made them successful. At the same time, company leaders anticipate industry trends, ensuring ASSA ABLOY consistently delivers forward-looking solutions. Even when ideas prove to be ahead of their time, they’re not discarded; instead, they are refined until the market is ready. This blend of internal expertise, acquisitions, and visionary leadership allows ASSA ABLOY to stay at the leading edge of access technology, continually moving the industry forward. Why people stay Longevity at ASSA ABLOY is no accident. Employees remain with the company for decades because they feel valued, trusted, and supported. Leadership invests in people by providing autonomy, professional development, and an environment where contributions matter. Managers describe their teams as “running their own business,” fostering accountability and pride. This commitment to people is more than words. Leaders emphasize collaboration, ensuring that employees know they are wanted, invested in, and given the freedom to bring their best ideas forward. Even in a competitive job market where competitors regularly recruit talented individuals, ASSA ABLOY retains a significant percentage of its employees, which speaks to the strength of its culture. And while the business demands results, the environment is far from rigid. Teams laugh together, tease one another, and build genuine relationships that make the workplace enjoyable. This sense of camaraderie strengthens bonds and fuels productivity, proving that serious business and fun can coexist. Collaboration and connection At ASSA ABLOY, collaboration takes many forms, from monthly leadership meetings without PowerPoints or rigid agendas to casual ice cream socials and food truck gatherings that bring employees together. The philosophy is simple: create spaces where people can connect authentically. Meetings focus on open dialogue rather than scripted presentations, allowing ideas to flow naturally. Professional development also plays a key role. Employees are encouraged to engage in cross-departmental learning, building relationships beyond their immediate teams, and gaining a broader understanding of the business. Being part of a global organization provides additional opportunities for collaboration across regions, where lessons from one market often inspire innovation in another. Hiring for culture: humble, hungry, and smart When it comes to hiring, ASSA ABLOY looks beyond résumés and technical skills. The company is deliberate about finding people who embody three traits: humble, hungry, and smart. Humility ensures that employees remain grounded and collaborative, even in competitive roles like sales. Hunger reflects drive and motivation; the willingness to go above and beyond when no one is watching. Smart encompasses not just intellectual ability but also emotional intelligence, the capacity to work well with others. Candidates are told upfront that teamwork is non-negotiable. Those who prefer to operate solely on their own may succeed elsewhere, but not at ASSA ABLOY. This clarity ensures that new hires align with the company’s values and thrive within its collaborative culture. Investing in the next generation Like much of the security industry, ASSA ABLOY faces the challenge of an aging workforce. To address this, the company has launched programs to attract and develop young talent. By recruiting on college campuses, ASSA ABLOY has built a pipeline of early-career professionals who bring fresh perspectives to the business. For example, over the past two years, 11 graduates have joined through a structured onboarding program, gaining exposure to different sales roles and regions before settling into permanent positions. The company also offers a Rotational Development Program (RDP), a two-year, full-time curriculum designed to develop future leaders in Engineering, Operations, and Supply Chain. This investment in young professionals has paid off, with directors across the country competing to bring program graduates into their teams. The initiative not only strengthens the company’s future workforce but also demonstrates to younger generations that the security industry offers meaningful, impactful careers in life safety. Consistency and customer trust What excites ASSA ABLOY’s leaders most about the future is the company’s ability to deliver consistent value to customers. Whether working with channel partners, end users, or influencers, ASSA ABLOY is known for its reliability. When issues arise, the company is recognized for its responsiveness and dedication to seeing problems through to resolution. Customers value this consistency. They know that beyond the sales pitch lies a true partnership, backed by teams who are committed to long-term success. This reputation is one of the company’s greatest assets and a source of pride for employees at every level. A culture of purpose and possibility At its heart, ASSA ABLOY is more than a technology company. It is a community of people united by a shared purpose: making the world a safer, more accessible place. ASSA ABLOY’s culture thrives on autonomy, collaboration, and curiosity, and the people stay because they are empowered to contribute, grow, and enjoy the work they do alongside colleagues who feel more like family. From seasoned veterans to fresh graduates, every individual has a role to play in shaping the company’s future. And as ASSA ABLOY continues to expand globally, innovate technologically, and invest in its people, one thing remains constant: the belief that its greatest strength lies in its culture and the extraordinary people who call it home.