trending Market Intelligence /marketintelligence/en/news-insights/trending/nFKmEcGfqNCeaFSRwj6KFw2 content esgSubNav
In This List

Assa Abloy to acquire Czech Republic-based LUX-IDent

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Using ESG Analysis to Support a Sustainable Future


Assa Abloy to acquire Czech Republic-based LUX-IDent

Swedish access solutions provider Assa Abloy AB (publ) agreed to acquire Czech Republic-based LUX-IDent, which is a provider of radio frequency identification, or RFID, components.

The purchase will extend Assa Abloy's HID Global's RFID technology into emerging markets, Stefan Widing, executive vice president and head of HID Global, said.

"The acquisition of LUX-IDent considerably enhances the group's position within smart components and will provide complementary growth opportunities," said Nico Delvaux, president and CEO of Assa Abloy.

The acquisition, which will be neutral to EPS from start, is expected to close by the end of the year, subject to regulatory approval and customary closing conditions, the company said.

Financial terms of the deal were not disclosed.