|[February 10, 2014]
ASSA ABLOY Acquires Lumidigm in the US
STOCKHOLM --(Business Wire)--
ASSA ABLOY (STO:ASSAB)
ASSA ABLOY has acquired Lumidigm, a leading manufacturer of biometric
readers based on patented multispectral imaging technology. This
technology is supported by sophisticated solutions to ensure robust
biometric identification even under adverse conditions.
"Lumidigm is an important technological addition to the ASSA ABLOY
Group. The Company complements our current offering within the rapidly
growing biometric segment. The acquisition of Lumidigm considerably
enhances the Group's position within biometrics and will provide
complementary growth opportunities," says Johan Molin, President and CEO
of ASSA ABLOY.
"Lumidigmis an exciting addition to our Secure Identity portfolio,
enabling HID Global to incorporate multispectral imaging biometrics as
part of our multi-factor authentication solutions for government,
banking and enterprise," says Denis Hébert, Executive Vice President
ASSA ABLOY and Head of business unit HID Global.
Lumidigm was founded in 2001 and has 33 employees. The head office is
located in Albuquerque, New Mexico.
Sales are expected to reach USD 25 M (approx. SEK 160 M) in 2014. The
acquisition will be accretive to EPS from start.
About ASSA ABLOY
ASSA ABLOY is the global leader in door opening solutions, dedicated to
satisfying end-user needs for security, safety and convenience. Since
its formation in 1994, ASSA ABLOY has grown from a regional company into
an international group with around 43,000 employees, operations in over
70 countries and sales of over SEK 48 billion. ASSA ABLOY offers a more
complete range of door opening solutions than any other company on the
market. In the fast-growing electromechanical security segment, the
Group has a leading position in areas such as access control,
identification technology, entrance automation and hotel security.
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