Stockholm - ASSA ABLOY Hospitality, provider of advanced security technologies for the hospitality industry, has announced a restructuring of its organizational hierarchy, with hospitality now becoming one of several specialized market-specific units operating under the new ASSA ABLOY Global Solutions name.

Along with its mission to 'reimagine how people move through their world,' a driving force behind the company's restructuring has been its focus on investing in businesses and solutions that can be scaled on a global level. This will allow ASSA ABLOY Global Solutions to fully cater to the numerous and unique security challenges facing diverse markets around the world today. The company's ongoing evolution has included expanding into other vertical markets such as marine, elderly care, student housing, asset management and logistics. ASSA ABLOY Global Solutions provides each vertical market with a dedicated direct sales channel and ensures that its platforms, software and support services are readily available and tailorable, regardless of region or business background.

While the hotel market will maintain its own specialized hospitality business unit of ASSA ABLOY Global Solutions, the expansion into vertical markets allows the company to ensure that its comprehensive range of solutions is made available to any market sector, while providing a greater depth of industry-specific expertise. By leveraging its experience in working with various markets, ASSA ABLOY Global Solutions will be able to identify and innovate additional technologies that can be customized to meet the specific needs of each type of facility.

"We are very pleased with the success that we have had with our hospitality organizational model, which focuses on one of our key verticals and creates dedicated solutions that meet specific market needs," says Christophe Sut, Executive Vice President and head of the Global Technologies business unit at ASSA ABLOY Global Solutions. "With that in mind, we identified a need to replicate this approach for other vertical markets, and therefore created ASSA ABLOY Global Solutions to provide the specific security hardware, software, installation and support services that cater to each industry's needs. This restructuring also enhances our value by allowing us to create new types of relationships with our customers, providing the potential to innovate solutions that bolster organic growth and that create exceptional experiences for end-users. We look forward to continuing to bring such advanced abilities as we expand our presence within the hospitality, marine and elderly care markets and beyond."

For more information, please visit www.assaabloyglobalsolutions.com.

About Vingcard

Vingcard is part of ASSA ABLOY Global Solutions, which provides safe and sustainable cutting-edge technology solutions for physical and digital access management control. As a full solutions provider, ASSA ABLOY Global Solutions is part of the wider ASSA ABLOY Group. Being a global leader in access solutions, the Group operates worldwide with 61,000 employees and holds leading positions in areas such as efficient door opening, trusted identities, and entrance automation.

Vingcard is a leading provider of security access solutions and other advanced technologies designed for the evolving needs of hospitality, off-site student accommodations and build to rent industries. With a commitment to serving as the industry's trusted partner for enhanced security, Vingcard's comprehensive range of integrated solutions are designed to ensure safer, more adaptive business operations able to deliver enhanced efficiency and end-user satisfaction. Vingcard, Your trusted partner for enhanced security.