Home News HID Global acquisition expands presence

HID Global acquisition expands presence

by Andy Clutton

bbb86f65c40c931f846235ffb589798bHID Global has announced that parent company Assa Abloy has entered into a definitive agreement to acquire IAI Industrial Systems B.V., a provider of personalisation solutions for identity documents, from its parent company. The acquisition will bring together offerings for government-to-citizen and other identification solutions.

IAI delivers personalisation equipment and security features for passports and identity cards to governments and integrators and expands HID Global’s portfolio of card printing/encoding solutions with the addition of centralised card personalisation equipment and passport personalisation capabilities for the delivery of end-to-end citizen identity solutions.

“Our acquisition of IAI addresses the growing demand for secure citizen identification for government organisations around the world,” said Stefan Widing, president and CEO of HID Global. “With this acquisition, we are able to expand HID Global’s market presence in the government-to-citizen ID space and other markets as well as further extend the IAI technology as part of our commitment to provide innovative solutions that enhance customer value. Customers who are seeking greater control of the card personalisation process will benefit from the options that HID Global is now uniquely positioned to deliver.”

The acquisition also includes FEHA LaserTec GmbH, a subsidiary of IAI. IAI is headquartered in Veldhoven, The Netherlands, where it will continue to maintain its operations. The company’s products will be sold under the IAI brand for the foreseeable future.

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