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.
Access-IS provides miniaturized reader devices that combine a number of key technologies ideal for mission-critical environments. Access-IS technology is widely deployed in airports, transit and ticketing solutions, governmental and KYC applications
Managing Director, Guy-Franck Nakach said, “HID and Access-IS vision, technology and values are extremely complementary, and together enable people to validate and use a trusted identity to access a range of services. As the global leader in access solutions, HID has the reach and industry expertise to enable Access-IS to achieve its ambitious growth plans and fulfil its potential.”
“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 number of attractive markets,” said Björn Lidefelt, CEO of HID Global. “HID and Access-IS share a similar purpose to embed trust in physical products as a bridge to the digital world.”
Succeeding Guy-Franck, Susan Stuart will become Managing Director of the Access-IS Business Unit, reporting to Steve Currie, Vice President and Managing Director of Extended Access Technologies’ Business Area.