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

“I am very pleased to welcome the SKIDATA team to the ASSA ABLOY Group. This acquisition is a continuation of our strategy to grow our business in mature markets by adding complementary products and solutions to our core businesses,” said Nico Delvaux, President and CEO of ASSA ABLOY.

“SKIDATA’s compelling product portfolio and strong track record in entrance solutions will enhance and complement our current offering,” said Massimo Grassi, Executive Vice President of ASSA ABLOY and Head of Entrance Systems Division. “Their dedication to safe, reliable entrance solutions and excellent customer service fits perfectly with our values ​​and I am confident that together we will continue our successful journey.”

Founded in 1977, SKIDATA is part of the Public Access division of the Swiss listed Kudelski Group (SWX:KUD) 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 approximately MEUR 305 (approx. MSEK 3,500). The acquisition will initially have a small dilutive effect on earnings per share.

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