The combined product lines of in room safes, electronic locking systems and related security technology products represent the industry�s most extensive selection of property security options. As the newly formed ASSA ABLOY Hospitality Inc., VingCard, Elsafe and TimeLox will each maintain separate identities as segmented brands under a combined corporate structure.

"As the consolidation and globalization of the hospitality industry continue at a rapid pace, we feel it is important to create a true partnership with our clients, to better serve their growing security and technology needs," says Mats Gustafsson, president and CEO of the new organization. "By utilizing the extensive global resources of the ASSA ABLOY Group, ASSA ABLOY Hospitality can provide unparalleled industry experience and expertise, as well as exceptional product development capabilities and a proven service and support network. This puts us in an ideal position to be a true industry security partner to our hospitality clients." 

ASSA ABLOY Hospitality also plans to draw on the resources of other ASSA ABLOY North American companies, including door and hardware manufacturers. This will allow hotel properties to create more integrated security product solutions. It will also create the possibility of interfacing separate security products and systems to work seamlessly for more efficient operation. 

"The strength and resources of ASSA ABLOY, together with the other companies in the new Hospitality Group, will create synergies benefiting both TimeLox and its customers," says Matt Mrowczynski, Vice President of TimeLox, Inc. and ASSA ABLOY Hospitality Inc. 

Corporate headquarters for ASSA ABLOY Hospitality Inc. will be located in Dallas, Texas, where the three brands will share administrative offices and distribution. Separate sales forces will be maintained, in order to properly segment the brands and provide better coverage of the marketplace. For more information on ASSA ABLOY Hospitality, VingCard, Elsafe or TimeLox, please contact Mats Gustafsson at (972) 692-3113.

About the ASSA ABLOY Group
A public Swedish company traded on the Stockholm Stock Exchange, the ASSA ABLOY Group is the world�s leading manufacturer and supplier of locking solutions dedicated to satisfying end-user needs for security, safety and convenience. The group has about 30,000 employees and annual sales of around EUR 3 billion (approximately USD 3 billion). For more information, please visit www.assaabloy.com.