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Assa Abloy to acquire LaserCard for $80m

HID says synergy will expand capabilities
SSN Staff  - 

IRVINE, Calif.—Following closely upon its announcement to purchase Cardo, Assa Abloy on Dec. 21 announced its intent to buy embedded-hologram credential manufacturer LaserCard for $80 million.
Further, HID Global, which is owned by Assa Abloy, said the teaming of LaserCard and HID represents an important advancement in HID Global’s worldwide market position in the government sector and will significantly expand its portfolio of technology capabilities.

Assa Abloy to acquire Cardo

Will look to sell non-entrance control businesses

STOCKHOLM—Access control giant Assa Abloy announced Dec. 13 that it had acquired 63.6 percent of shares in Cardo, a supplier of industrial doors and logistics systems and other systems. Assa Abloy also announced a cash offer to remaining Cardo shareholders of SEK 420 ($61.52) per share.