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Company provides electronic RFID, NFC and barcode devices, and had sales of $25 million in 2019.
August 17, 2020
By: DAVID SAVASTANO
ASSA ABLOY has acquired Access-IS, a 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. 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.
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