dormakaba increases presence in Electronic Access and Data business in the Netherlands with the acquisition of AtiQx Holding B.V.
dormakaba recently announced that the company has completed the acquisition of AtiQx Holding B.V., thereby strengthening its core business and services activities in the Netherlands. AtiQx is one of the major providers of electronic access control and workforce management solutions in the Benelux market.
AtiQx provides comprehensive, customized solutions for electronic access control and workforce management in the Netherlands. The offering includes cloud-based solutions with an 24/7 services model, with an attractive recurring Software-as-a-Service (SaaS) income. The well-established market base of AtiQx comprises customers from the public and private sector including health care, transportation, or food amongst others. The company is based in Utrecht/Dordrecht and has around 70 employees.
AtiQx generated mid-single-digit million sales in Swiss Francs in financial year 2021. The parties have agreed to not disclose further financial details of the transaction.