Assa Abloy acquires Reading based company Access-IS

Assa Abloy has acquired Access-IS, a leading provider of electronic RFID, NFC and barcode devices enabling the authentication of travel and identity documents, ticket reading and contactless payments.

“Access-IS is a strategic technological addition to us. The company will reinforce our current offering within extended access technologies and will provide complementary growth opportunities,” says Nico Delvaux, President and CEO of Assa Abloy.

Access-IS was founded in 1985 and has some 120 employees. The main office is located in Reading, UK.

Sales in 2019 amounted to about MGBP 19 (approx. MSEK 220) and the acquisition will be neutral to EPS from start.

Assa Abloy Group is the global leader in access solutions. The company operates worldwide with 49,000 employees and sales of SEK 94 billion.

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