ASSA ABLOY Acquires Lumidigm in the US

  ASSA ABLOY Acquires Lumidigm in the US

Business Wire

STOCKHOLM -- February 10, 2014

Regulatory News:

ASSA ABLOY(STO:ASSAB)

ASSA ABLOY has acquired Lumidigm, a leading manufacturer of biometric readers
based on patented multispectral imaging technology. This technology is
supported by sophisticated solutions to ensure robust biometric identification
even under adverse conditions.

“Lumidigm is an important technological addition to the ASSA ABLOY Group. The
Company complements our current offering within the rapidly growing biometric
segment. The acquisition of Lumidigm considerably enhances the Group’s
position within biometrics and will provide complementary growth
opportunities,” says Johan Molin, President and CEO of ASSA ABLOY.

“Lumidigm is an exciting addition to our Secure Identity portfolio, enabling
HID Global to incorporate multispectral imaging biometrics as part of our
multi-factor authentication solutions for government, banking and enterprise,”
says Denis Hébert, Executive Vice President ASSA ABLOY and Head of business
unit HID Global.

Lumidigm was founded in 2001 and has 33 employees. The head office is located
in Albuquerque, New Mexico.

Sales are expected to reach USD 25 M (approx. SEK 160 M) in 2014. The
acquisition will be accretive to EPS from start.

About ASSA ABLOY

ASSA ABLOY is the global leader in door opening solutions, dedicated to
satisfying end-user needs for security, safety and convenience. Since its
formation in 1994, ASSA ABLOY has grown from a regional company into an
international group with around 43,000 employees, operations in over 70
countries and sales of over SEK 48 billion. ASSA ABLOY offers a more complete
range of door opening solutions than any other company on the market. In the
fast-growing electromechanical security segment, the Group has a leading
position in areas such as access control, identification technology, entrance
automation and hotel security.

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

Contact:

ASSA ABLOY
Johan Molin
President and CEO
tel no: +46 8 506 485 42
or
Carolina Dybeck Happe
CFO and Executive Vice President
tel no: +46 8 506 485 72
 
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