Global lockmaker seeks key to future profits in the cloud


  • TECH
  • Monday, 23 Sep 2013

STOCKHOLM: Despite the rapid pace of technology that has overhauled many consumer goods, the front door lock and key is little changed since the 1800s. That is about to change — to virtual keys in data clouds, if the world's biggest lockmaker gets its way. 

Assa Abloy, which makes one in ten locks worldwide, is the muscle behind brands such as Yale. But the lock technology it is now developing means consumers will be able to open doors with a tap of their mobile phones, visitors will be able to download a key online and business owners will be able to lock and unlock their premises remotely. 

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