ASSA ABLOY has acquired Access-IS, a leading provider of electronic RFID, NFC and barcode devices enabling the authentication of travel and identity documents, ticket reading and contactless payments.
“I am very pleased to welcome Access-IS and their employees into the ASSA ABLOY Group. Access-IS is a strategic technological addition to the ASSA ABLOY Group. The company will reinforce our current offering within extended access technologies and will provide complementary growth opportunities,” says Nico Delvaux, President and CEO of ASSA ABLOY.
“Access-IS solutions are a good fit for HID. Strategically aligned with both our existing Extended Access Technologies business and HID’s transport and ticketing solutions in our Identification Technologies business, Access-IS will enhance HID’s industry leadership while positioning us for growth in a variety of attractive markets,” says Björn Lidefelt, Executive Vice President and Head of Global Technologies business unit HID Global.
Access-IS was founded in 1985 and has some 120 employees. The main office is located in Reading, UK.
Sales in 2019 amounted to about MGBP 19 (approx. MSEK 220) and the acquisition will be neutral to EPS from start.
For more information, please contact:
Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82
Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72
Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68
About ASSA ABLOY
The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 49,000 employees and sales of SEK 94 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY’s innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world.