Australia’s Vision Systems was 14th in the rankings, with a turnover in 2003 of $US63 million, up a solid 8.5 per cent on the previous year. The survey takes into account a company’s total turnover across 2 years, allowing a growth factor to be calculated.
Participants must give comprehensive financial reports to be eligible for a ranking. Coming in at number 2 was the ASSA Abloy Group, with Honeywell Security number 3, Bosch Security Systems number 4 and GE Infrastructure number 5.
Kaba was number 6, Checkpoint Systems number 7, John Controls number 8 and Samsung Electronics number 9. The UK-based Bell Group rounded out the Top 10.
The aim of the rankings is described by A&S as being: “To define world flagship companies in the security industry, to showcase industrial movement based on financial status and to indicate trends”.