Announced
Financials
Tags
Single Bidder
access control
Pending
Acquisition
Majority
Private
Friendly
Electronic Equipment: Other
Cross Border
Brazil
Synopsis
Assa Abloy, a Swedish conglomerate, agreed to acquire Control iD, a developer of hardware and software solutions for access control and time & attendance. Financial terms were not disclosed. "I look forward to welcoming Control iD and their employees into the ASSA ABLOY Group. Control iD is a strategic technological addition; reinforcing our current access control and biometrics offerings, providing complementary growth opportunities, and enabling us to grow our market leadership in emerging markets," Nico Delvaux, Assa Abloy President and CEO.
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