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New Deal


Announced

ASSA ABLOY-backed HID Global to acquire Evolis for €225m.

Financials

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Transaction Value£193m
Consideration TypeCash
Capital Owned-
Capital Bid For99%
EV/Sales-
EV/EBITDA-
Share Price Premium36%
One Off Charge-

Tags

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computer hardware

Computer Hardware

Majority

Friendly

France

Acquisition

Cross Border

Private

Pending

Single Bidder

Synopsis

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ASSA ABLOY-backed HID Global, a developer and provider of security identity software, to acquire Evolis, a company that develops, manufactures and markets a complete range of personalization solutions for ID cards, for €225m. "I am looking forward to welcoming Evolis into the ASSA ABLOY Group. Evolis would be a good technological addition to the ASSA ABLOY Group and would reinforce our current offering within the secure issuance business," Nico Delvaux, ASSA ABLOY CEO.

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