"I am very pleased to welcome Access-IS and their employees into the ASSA ABLOY Group. The company will reinforce our current offering within extended access technologies and will provide complementary growth oppor-tunities,” said 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 Tech-nologies business and HID’s transport and ticketing solutions in our Identification Technologies business, Ac-cess-IS will enhance HID’s industry leadership while positioning us for growth in a variety of attractive markets,” says Björn Lidefelt, EVP and head of global technologies business unit HID Global.
Access-IS was founded in 1985 and has approximately 120 employees. The main office is located in Reading, UK.
Sales in 2019 amounted to about MGBP 19 (approximately $25 million) and the acquisition will be neutral to EPS from start.