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ASSA ABLOY Acquires Lumidigm in the U.S.

Company is a specialist in biometrics

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By: DAVID SAVASTANO

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

ASSA ABLOY announced that it has acquired U.S.-based Lumidigm. Lumidigm was founded in 2001 and has 33 employees. The head office is located in Albuquerque, NM. Sales are expected to reach US $25 million (approximately SEK 160 million) in 2014.

“Lumidigm is an important technological addition to the ASSA ABLOY Group. The company complements our current offering within the rapidly growing biometric segment. The acquisition of Lumidigm considerably enhances the Group’s position within biometrics and will provide complementary growth opportunities,” said Johan Molin, president and CEO of ASSA ABLOY.

“Lumidigm is an exciting addition to our Secure Identity portfolio, enabling HID Global to incorporate multispectral imaging biometrics as part of our multi-factor authentication solutions for government, banking and enterprise,” said Denis Hébert, executive vice president ASSA ABLOY and head of business unit HID Global.

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