ASSA ABLOY To Acquire SKIDATA

STOCKHOLM, July 22, 2024 /PRNewswire/ -- ASSA ABLOY has signed an agreement to acquire SKIDATA, an international leading provider of access management solutions.

"I am very pleased to welcome the SKIDATA team into the ASSA ABLOY Group. This acquisition delivers on our strategy to grow our business in mature markets through adding complementary products and solutions to our core business," says Nico Delvaux, President and CEO of ASSA ABLOY.

"SKIDATA's attractive product portfolio and strong performance in access solutions will enhance and complement our current offering," says Massimo Grassi, Executive Vice President of ASSA ABLOY and Head of Entrance Systems Division. "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."

SKIDATA was founded in 1977 and is part of the Public Access division of Swiss listed Kudelski Group (SWX: KUD) and has some 1,280 employees. SKIDATA is headquartered in Salzburg, Austria and will be part of the Business Segment Pedestrian within the Entrance Systems Division.

Sales for 2023 amounted to about MEUR 305 (approx. MSEK 3,500). The acquisition will initially have a small dilutive effect to EPS.

The acquisition is subject to regulatory approval and customary closing conditions and is expected to close during the third quarter of 2024.

For more information, please contact:

Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82

Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72

Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68, e-mail: bjorn.tibell@assaabloy.com

About ASSA ABLOY

The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 61,000 employees and sales of SEK 141 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY's innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/assa-abloy/r/assa-abloy-to-acquire-skidata,c4017171

The following files are available for download:

https://mb.cision.com/Main/7333/4017171/2922804.pdf	Press release (PDF)
https://news.cision.com/assa-abloy/i/skidata-barrierless-solution-sashboard-gate-plate-gate-,c3321081	Skidata Barrierless Solution Sashboard Gate Plate Gate
https://news.cision.com/assa-abloy/i/skidata-stadium-apple-pay-munich,c3321080	Skidata Stadium Apple Pay Munich

View original content:https://www.prnewswire.com/news-releases/assa-abloy-to-acquire-skidata-302202399.html

SOURCE ASSA ABLOY

First published on Mon, Jul 22, 2024

Enjoyed what you read? Great news – there’s a lot more to explore!

Dive into our content repository of the latest tech news, a diverse range of articles spanning introductory guides, product reviews, trends and more, along with engaging interviews, up-to-date AI blogs and hilarious tech memes!

Also explore our collection of branded insights via informative white papers, enlightening case studies, in-depth reports, educational videos and exciting events and webinars from leading global brands.

Head to the TechDogs homepage to Know Your World of technology today!

Disclaimer - Reference to any specific product, software or entity does not constitute an endorsement or recommendation by TechDogs nor should any data or content published be relied upon. The views expressed by TechDogs' members and guests are their own and their appearance on our site does not imply an endorsement of them or any entity they represent. Views and opinions expressed by TechDogs' Authors are those of the Authors and do not necessarily reflect the view of TechDogs or any of its officials. While we aim to provide valuable and helpful information, some content on TechDogs' site may not have been thoroughly reviewed for every detail or aspect. We encourage users to verify any information independently where necessary.

Tags:

ASSA ABLOY SKIDATA Entrance Systems Division Customer Service Reliable Access Solutions

Join The Discussion

Arctiq Acquires Shadow-Soft To Expand Observability And Automation Expertise

Compal Introduces High-Density NVIDIA HGX Rubin NVL8 Integrated Solution At GTC 2026

Niche Launches College Financial Aid Comparison Tool To Help Families Decode And Compare Offers

Shoplazza Adopts Agentic Commerce Architecture To Power AI-Driven E-Commerce Operations

Tata Communications Receives Frost & Sullivan's 2025 Global Company Of The Year Recognition For Leadership In Video-Managed Services