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ASSA ABLOY acquires IXLA in Italy

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Rhea-AI Sentiment
(Very Positive)

ASSA ABLOY has acquired IXLA, an Italian manufacturer of advanced laser and color personalization systems for cards and passports. IXLA, founded in 2003 and based in Romano Canavese, Italy, will join HID's Secure Issuance Business Area. The company has approximately 50 employees and reported sales of MEUR 13 (MSEK 150) in 2023 with a strong EBIT margin. The acquisition is expected to be accretive to earnings per share from the start and will enhance ASSA ABLOY's presence in the government card personalization equipment sector.

ASSA ABLOY ha acquisito IXLA, un produttore italiano di sistemi avanzati di personalizzazione laser e a colori per carte e passaporti. IXLA, fondata nel 2003 e con sede a Romano Canavese, Italia, entrerà a far parte dell'Area Business della Sicurezza di Emissione di HID. L'azienda conta circa 50 dipendenti e ha registrato vendite di 13 milioni di euro (150 milioni di corone svedesi) nel 2023, con un forte margine EBIT. Si prevede che l'acquisizione contribuisca agli utili per azione sin dall'inizio e migliorerà la presenza di ASSA ABLOY nel settore delle attrezzature per la personalizzazione delle carte governative.

ASSA ABLOY ha adquirido IXLA, un fabricante italiano de sistemas avanzados de personalización láser y a color para tarjetas y pasaportes. IXLA, fundada en 2003 y con sede en Romano Canavese, Italia, se unirá al Área de Negocios de Emisión Segura de HID. La empresa cuenta con aproximadamente 50 empleados y reportó ventas de 13 millones de euros (150 millones de coronas suecas) en 2023, con un fuerte margen EBIT. Se espera que la adquisición sea positiva para las ganancias por acción desde el principio y mejorará la presencia de ASSA ABLOY en el sector de equipos de personalización de tarjetas gubernamentales.

ASSA ABLOYIXLA를 인수했습니다. IXLA는 카드와 여권을 위한 첨단 레aser 및 컬러 개인화 시스템을 제조하는 이탈리아 회사입니다. 2003년에 설립된 IXLA는 이탈리아 로마노 카나베세에 본사를 두고 있으며, HID의 보안 발급 비즈니스 영역에 합류합니다. 이 회사는 약 50명의 직원을 두고 있으며, 2023년에는 1300만 유로(1억 5000만 스웨덴 크로나)의 매출을 기록했으며, 강력한 EBIT 마진을 보였습니다. 이번 인수는 시작부터 주당 순이익에 긍정적인 영향을 미칠 것으로 예상되며, ASSA ABLOY의 정부 카드 개인화 장비 분야에서의 입지를 강화할 것입니다.

ASSA ABLOY a acquis IXLA, un fabricant italien de systèmes avancés de personnalisation laser et couleur pour cartes et passeports. IXLA, fondée en 2003 et basée à Romano Canavese en Italie, rejoindra le secteur des affaires de publication sécurisée de HID. L'entreprise compte environ 50 employés et a déclaré un chiffre d'affaires de 13 millions d'euros (150 millions de couronnes suédoises) en 2023, avec une forte marge EBIT. L'acquisition devrait être bénéfique pour les bénéfices par action dès le départ et renforcera la présence d'ASSA ABLOY dans le secteur des équipements de personnalisation de cartes gouvernementales.

ASSA ABLOY hat IXLA übernommen, einen italienischen Hersteller von fortschrittlichen Laser- und Farbpersonalisiersystemen für Karten und Pässe. IXLA, 2003 gegründet und mit Sitz in Romano Canavese, Italien, wird Teil des Geschäftsbereichs für sichere Ausgaben von HID. Das Unternehmen beschäftigt etwa 50 Mitarbeiter und berichtete 2023 von einem Umsatz von 13 Millionen Euro (150 Millionen schwedische Kronen) mit einer starken EBIT-Marge. Es wird erwartet, dass die Übernahme von Beginn an die Gewinne pro Aktie erhöht und die Präsenz von ASSA ABLOY im Bereich der Regierungs-Kartenpersonalisierungsausrüstung verbessert.

Positive
  • Strong EBIT margin reported for 2023
  • Acquisition immediately accretive to earnings per share
  • Sales of MEUR 13 in 2023
  • Expands presence in government card personalization equipment market
Negative
  • None.

STOCKHOLM, Nov. 12, 2024 /PRNewswire/ -- ASSA ABLOY has acquired IXLA, an Italian Manufacturer of advanced laser and color personalization systems for cards and passports.

"I am very pleased to welcome the IXLA team into the ASSA ABLOY Group. IXLA is an interesting technological addition to the ASSA ABLOY Group and will increase our presence in the government card personalization equipment space and provides complementary growth opportunities," says Nico Delvaux, President and CEO of ASSA ABLOY.

"Welcoming IXLA into the HID family demonstrates our commitment to providing convenient and efficient document personalization solutions across a variety of industries," says Björn Lidefelt, EVP and Head of HID. "With IXLA's technology and expertise, we are better positioned for geographic expansion, particularly in the government and financial institution space."

IXLA was founded in 2003 and has some 50 employees. Based in Romano Canavese, Italy, it will be part of HID's Secure Issuance Business Area.

Sales for 2023 amounted to about MEUR 13 (approx. MSEK 150) with a strong EBIT-margin. The acquisition will be accretive to EPS from the start.

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 SEK 141 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY's innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/assa-abloy/r/assa-abloy-acquires-ixla-in-italy,c4064514

The following files are available for download:

https://mb.cision.com/Main/7333/4064514/3105956.pdf

Press release (PDF)

https://news.cision.com/assa-abloy/i/assa-abloy-logo-door,c3350659

ASSA ABLOY logo door

 

Cision View original content:https://www.prnewswire.com/news-releases/assa-abloy-acquires-ixla-in-italy-302302234.html

SOURCE ASSA ABLOY

FAQ

What is ASSA ABLOY's (ASAZY) acquisition price for IXLA?

The acquisition price was not disclosed in the press release.

What were IXLA's sales figures for 2023?

IXLA reported sales of MEUR 13 (approximately MSEK 150) for 2023.

How many employees does IXLA have?

IXLA has approximately 50 employees.

When was IXLA founded and where is it located?

IXLA was founded in 2003 and is based in Romano Canavese, Italy.

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