NIB loan to finance Assa Abloy’s R&D investment

NIB and Swedish Assa Abloy Financial Services AB have signed a loan agreement, totalling EUR 110 million, for research and development investments in the Nordic area in 2013–2016.

The loan will be disbursed in two tranches with the maturities of six and eight years. The financing is earmarked for an investment project with the focus on new products and technologies related to electronic and electromechanical security solutions. Investment in new products is a continuing priority for the company. In 2013, the revenue generated by selling new products has accounted for 26% of the total sales value. The company employs about 1,300 engineers at its R&D centres globally, of which many are located in Sweden, Finland, Norway and Denmark.

Assa Abloy AB is a global leader in the industry of locks, entrance automation and security doors. The company was founded in 1994 through a merger between the lock businesses of Swedish Securitas and Finnish Metra. In the electromechanical security segment, the group has a leading position in the areas of access control, identification technology, entrance automation and hotel security.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

For further information, please contact
Mr Lars Synnes, Senior Manager, Origination, at +358 50 562 3604,

Mr Dimitrijs Alehins, Senior Communications Specialist, at +358 10 618 0296,