ASSA ABLOY acquires Crossmatch in the U.S.
"Crossmatch is a strategic technological addition to the ASSA ABLOY Group. The company reinforces our current offering within biometric identity management.
"The acquisition of Crossmatch considerably enhances the Group´s position as one of the world’s leading biometric companies and will provide complementary growth opportunities,” says Nico Delvaux, President and CEO of ASSA ABLOY.
“Our acquisition of Crossmatch strengthens HID Global’s ability to offer innovative biometric identity solutions to hundreds of millions of users worldwide,” says Stefan Widing, Executive Vice President and Head of HID Global. “Adding Crossmatch to our company will extend HID’s market leadership in the trusted identity space and allow us to fulfill the promise of biometrics in critical identity applications.”
Crossmatch was founded in 1996. It is headquartered in Palm Beach Gardens, Florida and has some 270 employees.
Sales for 2018 are expected to reach USD 125 million (approx. SEK 1,150 million) with a good EBIT margin. The acquisition will be accretive to EPS from start. ■