HID have acquired approximately 98.5% of the shares of Evolis. The addition of Evolis combines the two in the desktop printer market and expands HID’s printer portfolio, geographic relevance and ability to serve customers in additional verticals.
Evolis develops, manufactures, and sells printers and software for personalisation of physical credentials. Through a well-established channel network, Evolis has built a deep-rooted global market position in the instant issuance of physical credentials, such as ID cards, access control badges, payment cards, and other personalized credentials.
Details of the completed acquisition and the subsequent obligatory simplified tender offer by HID Global SAS for the remaining shares of Evolis are available in a press release from ASSA ABLOY and on the ASSA ABLOY website.
Subject to the conditions set forth in the ASSA ABLOY press release, the purchase price, including the intended tender offer price and any squeeze-out indemnity for the acquisition of 100% of the shares of Evolis would amount to EUR 228.4 million (i.e. EUR 43.75 per Evolis’ share).