ASSA ABLOY Acquires Lumidigm

ASSA ABLOY announces its acquisition of U.S. biometrics firm Lumidigm.

“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.

“Lumidigm is 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 U$25 million in 2014. The acquisition will be accretive to EPS from start.