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ASSA ABLOY to Acquire SKIDATA

SKIDATA is an international leading provider of access management solutions.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

ASSA ABLOY has signed an agreement to acquire SKIDATA, an international leading provider of access management solutions.

“I am very pleased to welcome the SKIDATA team into the ASSA ABLOY Group. This acquisition delivers on our strategy to grow our business in mature markets through adding complementary products and solutions to our core business,” said Nico Delvaux, president and CEO of ASSA ABLOY.

“SKIDATA’s attractive product portfolio and strong performance in access solutions will enhance and complement our current offering,” said Massimo Grassi, EVP of ASSA ABLOY and head of Entrance Systems Division. “Its commitment to secure, reliable access solutions and excellent customer service aligns perfectly with our values, and I’m convinced that together, we will continue our successful journey.”

SKIDATA was founded in 1977 and is part of the Public Access division of Swiss listed Kudelski Group, and has approximately 1,280 employees. SKIDATA is headquartered in Salzburg, Austria and will be part of the Business Segment Pedestrian within the Entrance Systems Division.
Sales for 2023 amounted to about €305 million (approx. MSEK 3,500).

The acquisition is subject to regulatory approval and customary closing conditions and is expected to close during the third quarter of 2024.

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