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ASSA ABLOY Acquires Placard

Placard is Australia’s largest secure card manufacturer.

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By: Anthony Locicero

Copy editor, New York Post

ASSA ABLOY acquired Placard, Australia’s largest secure card manufacturer.

“Placard reinforces our current offering within secure cards,” said Nico Delvaux, president and CEO of ASSA ABLOY.

“Adding Placard to the HID portfolio will expand our value-add services and enhance our capabilities for trusted identities while striking the balance between offering a broad range of card solutions and providing customers with the choice of digital IDs,” added Stefan Widing, executive VP and head of HID Global.

Placard was founded in 1987 and has some 170 employees. The main office is located in Melbourne, Australia.

Sales for 2019 are expected to reach about AUD 63 million (approx. SEK 520 million).

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