Vision and strategy
Making life accessible
Our goal is to continue to develop innovative digital locking and mobile access solutions that offer people, businesses and organizations freedom from the security risks, inflexibility and high lifecycle costs related to mechanical locks and keys. Our battery-free solutions not only minimize maintenance costs but also reduce environmental impact by annually saving 50,000 kg of battery waste.
We are the market and technology leader in digital access management
iLOQ provides smart locking and secure access to buildings and spaces we use daily and caters to the needs of industry and the utility sector with mobile and digital solutions for efficient access sharing and management.
We are industry-leading innovators of battery-free solutions with a strong portfolio of safe and sustainable products that have been designed to make life easier.
Group strategy objectives
Sustained, profitable growth
Expansion to new countries and markets is an important part of iLOQ’s growth strategy and will enable us to move forwards with the next chapter in iLOQ’s success story. With the aim of growing by about twice the size of the electromechanical locks market, we have set an ambitious annual growth target of around 25–30%.
Most loyal customers and partners
We earn customer loyalty every day by being the market leader in battery-free digital locking and mobile access solutions. We are easy to do business with and reward our partners well for their commitment. We are the industry leader in the digital customer experience. Our customers enjoy the lowest total cost of ownership through reduced maintenance, easy and flexible administration and minimized lifecycle costs. Our end users get the benefit of state-of-the art locking solutions that make their life more accessible and offer the highest levels of security.
We have sales offices in 12 countries throughout Europe, operations in Canada, a network of more than 1000 thriving partners around the world and an ambitious global expansion plan.
Best value of offering for selected segments
We believe that every door or access point deserves an iLOQ. To date, 1.5 million cylinders and 3 million keys have been delivered. Strong new building construction activity and retrofitting of existing residential, public and educational buildings is supporting the growth of the locking industry.
iLOQ’s keyless mobile access solution has been specifically designed, for example, for utilities and facilities that are a vital part of the critical infrastructure. The energy needed for unlocking comes from a smartphone running a mobile app. Access rights can be updated remotely in real time, and multiple sites can be conveniently consolidated into one user-friendly and secure cloud-based software platform.
Agile and scalable company
In a very short period of time, iLOQ has transformed mechanical locking systems into highly functional and immensely secure digital access management solutions. We continually capitalize on new opportunities offered by digitalization and the internet of things to create smart locking systems that provide even more added value for customers.
Our business is quickly and easily scalable to new markets and regions, and we have the capability to provide high-level support to enhance the overall user experience. Our manufacturing processes and methods are geared up to handle significant increases in volume and ensure accurate, fast deliveries.
iLOQ provides high data security and unparalleled access control, along with competitive lifecycle costs and significant savings, to building owners, users and key holders.
Brand and thought leadership
Recognized brand and thought leader in target markets
iLOQ has always had a strong presence in the Nordic countries and has been growing quickly throughout Europe. However, achieving maximum growth, product superiority and thought leadership on a global scale is the long-term goal for iLOQ.
To fulfill this goal for the company and the brand, iLOQ formed a partnership with Kimi Räikkönen – probably the most well-known Finn and arguably one of the most popular sports stars in the world. With Kimi’s help, iLOQ aims to ensure that its goal of making life accessible reaches a worldwide audience.
iLOQ is already recognized as being an expert in the locking industry. By continuing to develop innovative solutions, offering guidance and insight to our partners and customers, and helping enrich their knowledge and insight, we will further establish ourselves as a thought leader.
Inspiring, innovative and entrepreneurial workplace
iLOQ was founded by one man with a dream; a dream of providing easier and more secure access to living and working spaces. Our company has developed from one man into a family of over 200 dedicated employees who all share the same vision.
At iLOQ, everyone has a voice. Innovation and creativity are encouraged. We focus on educating and developing our employees so that we can push the boundaries of innovation and design new technology and create better solutions that offer outstanding added value for our customers.
Ways to win
To make our strategy clear and provide the roadmap for a successful future, we have identified four key “Ways to Win”. These Ways to Win guide us in our daily work and encourage us to push further the boundaries of innovation to find new and better ways to support our partners and serve our customers.
Grow current core business
Our core business currently focuses on built environments – residential, public and educational buildings and critical infrastructure and utilities – telecom and energy facilities. Our goal is to offer best-in-class solutions to ensure our partners’ businesses not only survive, but thrive, our customers enjoy a fast return on investment and low total cost of ownership and our end users enjoy high security and easy, flexible access.
Build marketing, R&D and operations capabilities to enable fast growth
It is only by ensuring that iLOQ’s marketing, R&D and operations strategies are tightly woven into our mission that we can ensure they deliver genuine value. Our purpose is making life accessible. We innovate, develop, manufacture and deliver on that mission every day. We communicate and promote our successes to spread the word to new businesses, markets and countries. iLOQ is coming – be ready.
Expand to new geographies and businesses
iLOQ currently has a sales organization in nine country subsidiaries, and our digital locking and mobile access solutions can be bought in more than 1000 locations in almost 30 countries. However, further growth into new markets is firmly on the agenda.
Our export team is strengthening our sales process, supporting and developing existing partner and distribution networks, creating additional business and opening new markets, segments and sales channels. We are dedicated to making life accessible by bringing the benefits of our innovative battery-free digital locking and mobile access sharing technology to the worldwide stage.
Build unique human experience and culture
he goal of our recruitment, onboarding and ongoing training processes has been and will always be to provide continual support in our daily working lives and ensure that employees have a long and successful career with iLOQ. We have a phenomenal team spirit. When everyone is working together with the same vision and the same goals, success is the only outcome.
iLOQ’s four values help us unify our company culture. They are a set of guiding principles that bring us together as a team and help us work towards a common goal. They are present in our everyday roles.
We are changing the game
We provide only unbeatable solutions and services that add real value to our customers and partners.
We challenge conventional thinking
By questioning the status quo and arguing about the future, we ensure our continuing ability to innovate revolutionary solutions.
We believe in people
Our success is founded on competent people with a passion to make things happen. We support collective responsibility by encouraging individuals to think like entrepreneurs.
We base our business on sustainability, respect and results
We conserve the environment by minimizing battery waste and maximizing reusability. We build trust by being open, honest and fair. We do excellent business by being efficient at everything we do.