Access-IS, a portfolio company of Mobeus Equity Partners, has been sold to HID Global, a subsidiary of The ASSA ABLOY Group. Access-IS 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 was founded in 1985 and has some 120 employees. Sales in 2019 amounted to about £19M (approx. SEK 220M) and the acquisition will be neutral to EPS from start.
ASSA ABLOY is a global leader in access solutions. The Group operates worldwide with 49,000 employees and sales of SEK 94B. ASSA ABLOY’s innovations enable safe, secure and convenient access to physical and digital places. HID Global manufactures secure identity products with solutions like asset control, identity management, and asset tracking.
EC M&A acted as exclusive financial advisor to the seller on this transaction.
