ASSA ABLOY to Acquire French Card Manufacturer Evolis
Through subsidiary HID Global,ASSA ABLOY has announced plans to purchase Evolis, a leading French manufacturer of ID card printers and consumables, at a price of approximately $255 million.
Evolis develops, manufactures, and sells printers and software for personalization of physical credentials. Through a well-established channel network, Evolis has built a well-established global market position in the instant issuance of physical credentials including ID cards, access control badges, payment cards and other personalized credentials.
Evolis was established in 1999 and has 380 employees. The company is headquartered in Angers, France. The Company is listed on Euronext Growth in Paris.
“I am looking forward to welcoming Evolis into the ASSA ABLOY Group. Evolis would be a good technological addition to the ASSA ABLOY Group and would reinforce our current offering within the secure issuance business” says Nico Delvaux, President and CEO of ASSA ABLOY.
“It would be a pleasure to welcome Evolis to the HID family,” says Björn Lidefelt, Executive Vice President and Head of Global Technologies business unit HID Global. “Joining forces with a strong industry player like Evolis would enable us to better meet our customers’ needs and provides complementary growth opportunities across product, geographical and vertical market presence”.
The acquisition is conditional upon customary closing conditions and regulatory approval and is expected to close during the third quarter of 2023.
