GEC NEWS WIREAcquisition will position HID Global for overall growth and innovation in the high-volume document personalization market
HID Global’s parent company ASSA ABLOY has entered into a definitive agreement to acquire IAI industrial systems from its parent company DOCDATA N.V. The acquisition will bring together highly complementary offerings for government-to-citizen and other identification solutions.
IAI expands HID Global’s portfolio of card printing/encoding solutions with the addition of centralized card personalization equipment and passport personalization capabilities for the IAI expands HID Global’s portfolio of card printing/encoding solutions with the addition of centralized card personalization equipment and passport personalization capabilities for the delivery of end-to-end citizen identity solutions.
“With this acquisition, we are able to expand HID Global’s market presence in the government-to-citizen ID space and other markets as well as further extend the IAI technology as part of our commitment to provide innovative solutions that enhance customer value.” said Stefan Widing, President and CEO of HID Global.
CEO of DOCDATA N.V. Michiel Alting von Geusau said, “The combination of IAI’s personalization equipment with HID Global’s best-in-class identity documents and solutions will enable customers to create high-security citizen IDs and passports, which will help protect the identities of citizens in an increasingly challenging world environment.”
The acquisition also includes FEHA LaserTec GmbH, a subsidiary of IAI. IAI is headquartered in Veldhoven, The Netherlands, where it will continue to maintain its operations. The company’s products will be sold under the IAI brand for the foreseeable future.
