ASSA ABLOY acquires 3millID and Third Millennium within the US and UK By Investing.com

STOCKHOLM, Jan. 8, 2025 /PRNewswire/ — ASSA ABLOY has signed an settlement to accumulate 3millID Company and Third Millennium Programs Ltd (“3millID and Third Millennium”), firms inside readers and credentials for bodily entry management primarily based within the US and UK.

“I am very pleased to welcome 3millID and Third Millennium into the ASSA ABLOY Group, exciting technological additions that will reinforce our current offering within physical access control, and provide complementary growth opportunities,” says Nico Delvaux, President and CEO of ASSA ABLOY.

“Welcoming 3millID and Third Millennium into the HID family demonstrates our continued investment in core physical access control technologies. These acquisitions bring new opportunities to increase customer choice and relevance within our portfolio and will enhance our presence outside of the United States,” says Björn Lidefelt, EVP and Head of HID.

Based in 2015 and headquartered in, Highlands Ranch, Colorado, 3millID is a options supplier of proprietary entry management readers and technology-enabled merchandise to enterprise finish clients in North America. Third Millennium, based in 1996 and primarily based in Wales, UK, is a supplier of entry management options and software program to enterprise and authorities finish clients within the UK and Europe, with strong in-house know-how experience.

Since 2015, the 2 firms have had a business partnership, encompassing know-how improvement and gross sales. The 2 firms have a complete of some 40 staff and can be a part of HID ´s Bodily Entry Management Options Enterprise Space.  

Gross sales for 2023 amounted to about MUSD 21 (approx. MSEK 220) with a powerful EBIT margin. The acquisition can be accretive to EPS from the beginning.

The acquisition is topic to customary closing circumstances and is anticipated to shut throughout the first quarter of 2025.

For extra data, please contact:

Nico Delvaux, President and CEO, tel.  no: +46 8 506 485 82
Erik Pieder, CFO and Government Vice President, tel. no: +46 8 506 485 72                              
Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68

About ASSA ABLOY

The ASSA ABLOY Group is the worldwide chief in entry options. The Group operates worldwide with 61,000 staff and gross sales of SEK 141 billion. The Group has main positions in areas equivalent to environment friendly door openings, trusted identities and entrance automation. ASSA ABLOY’s improvements allow secure, safe and handy entry to bodily and digital locations. Day by day, we assist billions of individuals expertise a extra open world.

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