ASSA ABLOY acquires 3millID and Third Millennium in the US and UK
ASSA ABLOY has signed an agreement to acquire 3millID and Third Millennium Systems , specialists in readers and credentials for physical access control based in the US and UK. 3millID, founded in 2015 and based in Colorado, provides proprietary access control readers to North American enterprise customers. Third Millennium, established in 1996 in Wales, serves UK and European enterprise and government customers.
The companies, which have maintained a commercial partnership since 2015 in technology development and sales, employ approximately 40 people combined. They will join HID's Physical Access Control Solutions Business Area. Their combined sales for 2023 reached MUSD 21 (MSEK 220) with a strong EBIT margin. The acquisition is expected to be EPS accretive from the start and close during Q1 2025, subject to customary conditions.
ASSA ABLOY ha firmato un accordo per acquisire 3millID e Third Millennium Systems, specialisti in lettori e credenziali per il controllo accessi fisico con sede negli Stati Uniti e nel Regno Unito. 3millID, fondata nel 2015 e con sede in Colorado, fornisce lettori di controllo accessi proprietari a clienti aziendali in Nord America. Third Millennium, fondata nel 1996 in Galles, serve i clienti aziendali e governativi nel Regno Unito e in Europa.
Le aziende, che mantengono una partnership commerciale dal 2015 nello sviluppo della tecnologia e nelle vendite, impiegano circa 40 persone in totale. Si uniranno all'Area di Business delle Soluzioni per il Controllo Accessi Fisico di HID. Le loro vendite combinate per il 2023 hanno raggiunto MUSD 21 (MSEK 220) con un solido margine EBIT. L'acquisizione dovrebbe avere un effetto positivo sull'EPS sin dall'inizio e concludersi nel primo trimestre del 2025, soggetta a condizioni consuete.
ASSA ABLOY ha firmado un acuerdo para adquirir 3millID y Third Millennium Systems, especialistas en lectores y credenciales para el control de acceso físico con sede en EE. UU. y Reino Unido. 3millID, fundada en 2015 y con sede en Colorado, proporciona lectores de control de acceso propietarios a clientes empresariales en América del Norte. Third Millennium, establecida en 1996 en Gales, atiende a clientes empresariales y gubernamentales en el Reino Unido y Europa.
Las empresas, que han mantenido una asociación comercial desde 2015 en el desarrollo de tecnología y ventas, emplean aproximadamente 40 personas en total. Se unirán al Área de Negocios de Soluciones de Control de Acceso Físico de HID. Sus ventas combinadas para 2023 alcanzaron MUSD 21 (MSEK 220) con un sólido margen EBIT. Se espera que la adquisición sea acumulativa en el EPS desde el principio y se cierre durante el primer trimestre de 2025, sujeto a condiciones habituales.
ASSA ABLOY는 미국과 영국에 본사를 두고 있는 물리적 접근 제어를 위한 독특한 리더와 자격증 전문가인 3millID와 Third Millennium Systems를 인수하기 위한 계약을 체결했습니다. 2015년에 설립된 3millID는 콜로라도에 본사를 두고 있으며 북미 기업 고객에게 독점적인 접근 제어 리더기를 제공합니다. 1996년에 웨일스에서 설립된 Third Millennium은 영국 및 유럽의 기업 및 정부 고객에게 서비스를 제공합니다.
이 두 회사는 기술 개발 및 판매에서 2015년부터 상업적 파트너십을 유지해 왔으며, 총 약 40명의 직원을 고용하고 있습니다. 그들은 HID의 물리적 접근 제어 솔루션 비즈니스 영역에 합류할 것입니다. 2023년 합산 판매는 MUSD 21 (MSEK 220)에 달하며 높은 EBIT 마진을 기록했습니다. 인수는 처음부터 EPS에 긍정적인 영향을 미칠 것으로 예상되며, 일반적인 조건에 따라 2025년 1분기 중에 완료될 예정입니다.
ASSA ABLOY a signé un accord pour acquérir 3millID et Third Millennium Systems, spécialistes des lecteurs et des identifiants pour le contrôle d'accès physique, basés aux États-Unis et au Royaume-Uni. 3millID, fondée en 2015 et basée au Colorado, fournit des lecteurs de contrôle d'accès propriétaires à des clients d'entreprise en Amérique du Nord. Third Millennium, établi en 1996 au Pays de Galles, dessert des clients d'entreprise et gouvernementaux au Royaume-Uni et en Europe.
Les entreprises, qui maintiennent un partenariat commercial depuis 2015 dans le développement technologique et les ventes, emploient environ 40 personnes au total. Elles rejoindront la division des Solutions de Contrôle d'Accès Physique de HID. Leurs ventes combinées pour 2023 ont atteint MUSD 21 (MSEK 220) avec une solide marge EBIT. L'acquisition devrait avoir un impact positif sur le BPA dès le départ et devrait se clôturer au cours du premier trimestre 2025, sous réserve des conditions habituelles.
ASSA ABLOY hat einen Vertrag zur Übernahme von 3millID und Third Millennium Systems unterzeichnet, die auf Leser und Berechtigungen für die physische Zugangskontrolle spezialisiert sind und ihren Sitz in den USA und Großbritannien haben. 3millID, 2015 gegründet und mit Sitz in Colorado, bietet Unternehmensprellen in Nordamerika proprietäre Zugangskontrollleser an. Third Millennium, 1996 in Wales gegründet, bedient Unternehmens- und Regierungs-kunden im Vereinigten Königreich und Europa.
Die Unternehmen, die seit 2015 eine kommerzielle Partnerschaft in der Technologieentwicklung und im Vertrieb pflegen, beschäftigen insgesamt etwa 40 Mitarbeiter. Sie werden zum Geschäftsbereich für physische Zugangskontrolllösungen von HID stoßen. Ihr kombinierter Umsatz für 2023 betrug MUSD 21 (MSEK 220) bei einer starken EBIT-Marge. Die Übernahme wird voraussichtlich ab dem Beginn EPS-beitragskräftig sein und im ersten Quartal 2025 unter den üblichen Bedingungen abgeschlossen werden.
- Combined sales of MUSD 21 with strong EBIT margin
- Acquisition expected to be EPS accretive immediately
- Expands ASSA ABLOY's physical access control technology portfolio
- Strengthens presence in US, UK, and European markets
- None.
"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
Founded in 2015 and headquartered in,
Since 2015, the two companies have had a commercial partnership, encompassing technology development and sales. The two companies have a total of some 40 employees and will be part of HID´s Physical Access Control Solutions Business Area.
Sales for 2023 amounted to about MUSD 21 (approx. MSEK 220) with a strong EBIT margin. The acquisition will be accretive to EPS from the start.
The acquisition is subject to customary closing conditions and is expected to close during the first quarter of 2025.
For more information, please contact:
Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82
Erik Pieder, CFO and Executive 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 global leader in access solutions. The Group operates worldwide with 61,000 employees and sales of
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SOURCE ASSA ABLOY
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