by Ann Withanee — January 3, 2011—Assa Abloy has entered into a definitive agreement to acquire Lasercard Corporation, a NASDAQ-listed company and a leading provider of secure ID solutions to governments and commercial clients around the world, according to Assa Abloy.
Lasercard’s unique portfolio of card products, services, and solutions for complex ID management are used by 400 customers in 44 nations. The company’s strength is in its propriety knowhow and highly differentiated secure credential technologies used for citizen identification, border security, government service delivery, and facility access applications.
Lasercard is based in California and also has offices in Rastede and Ratingen in Germany, employs 182 people and had a turnover of $59 million in 2009. The offered price amounts to approximately $80 million.
“I welcome Lasercard and its employees to our Group. Together with HID, Fargo and recently acquired Actividentity, this acquisition creates a comprehensive set of secure credentialing capabilities for government issued ID programmes and a unique platform of technology and knowhow for future development of eGovernment solutions” said Denis Hbert, Executive Vice President Assa Abloy and Head of business unit HID Global.
For more information, see the Assa Abloy Web site.
