HID Global announced that its parent company ASSA ABLOY has agreed to acquire IAI Industrial Systems BV from its parent company DOCDATA NV. IAI is a provider of high-quality personalization solutions for identity documents such as passports and identity cards to governments and integrators.
Stefan Widing, President and CEO of HID Global states: "“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 personalization process will benefit from the options that HID Global is now uniquely positioned to deliver.”
The deal is expected to close in the fourth quarter of 2015. Deal terms were not disclosed.
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