ASSA ABLOY acquires Omni-ID and Capitol Door Service in the US
ASSA ABLOY has recently strenghtened its portfolio with two major acquisitions. ASSA ABLOY, which also owns identification specialist HID Global, has acquired Omni-ID, a leading manufacturer of RFID tags and industrial IoT hardware devices for passive and active tagging, tracking, monitoring and alerting applications, based in the US.
“I am very pleased to welcome Omni-ID into the ASSA ABLOY Group. Omni-ID is a strategic technological addition to the ASSA ABLOY Group and reinforces our current RFID and IoT offering and provides complementary growth opportunities,” says Nico Delvaux, President and CEO of ASSA ABLOY.
“In addition to broadening our value-added RFID components and active identification devices offering, the acquisition enhances our ability to serve customers in India and China by expanding our sales and manufacturing footprint, an important step in extending our industrial IoT technology into emerging markets,” says Björn Lidefelt, Executive Vice President and Head of Global Technologies business unit HID Global.
Omni-ID was founded in 2007 and has some 170 employees. Based in Rochester, New York, it will be part of HID’s Identification Technologies Business Area.
Sales in 2020 amounted to about MUSD 13 (approx. MSEK 110) and the acquisition will be dilutive to EPS from the start.
ASSA ABLOY has also acquired Capitol Door Service, a leading pedestrian door distributor and service company in California, Nevada and Arizona.
“I am very pleased to welcome Capitol Door Service into the ASSA ABLOY Group. I welcome this complementary addition, specializing in entrance automation, to our business,” says Nico Delvaux, President and CEO of ASSA ABLOY.
“Capitol Door Service with its strong market position will further strengthen our geographic coverage in Western U.S. I welcome the team to ASSA ABLOY and I am convinced that we will continue together our successful journey,” says Markus Kast, Head of Entrance Systems business segment Pedestrian.
Capitol Door Service was founded in 1999 and has some 50 employees. The company is headquartered in Sacramento, California.
Sales in 2020 amounted to about MUSD 17 (approx. MSEK 150) with a good EBIT margin. The acquisition will be accretive to EPS from the start.