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Assa Abloy completes purchase of De La Rue's global identity solutions unit

ASSA ABLOY AB (publ), through its subsidiary HID Global Corp., completed the acquisition of passport manufacturer De La Rue PLC's international identity solutions business.

The business will be integrated into HID's citizen identity solutions business.

Through the purchase, HID aims to widen its offerings to governments by expanding its operations in scaling and assembling government-issued citizen IDs.

Financial terms of the deal were not disclosed.