ASSA ABLOY to acquire SKIDATA from The Kudelski Group for €340m.

ASSA ABLOY, a Swedish group whose offerings include products and services related to locks, doors, gates, and entrance automation, agreed to acquire SKIDATA, a provider of access management solutions, from The Kudelski Group, a provider of digital business enablement technologies, for €340m. "SKIDATA's attractive product portfolio and strong performance in access solutions will enhance and complement our current offering. Its commitment to secure, reliable access solutions and excellent customer service aligns perfectly with our values, and I’m convinced that together, we will continue our successful journey," Massimo Grassi, ASSA ABLOY Executive Vice President.