HID Corporation, an ASSA Abloy Group company, has entered into a definitive agreement to acquire Motorola's worldwide RFID access control business, previously known as Indala. This business has its headquarters in San Jose, California. The acquisition is expected to be completed in the fourth quarter of 2001, subject to regulatory approvals and customary closing conditions.
"Motorola's RFID access control business is complementary to HID's RFID business," said Joe Grillo, HID President and CEO. "HID is committed to providing our customers with the highest quality products and industry-leading customer service programmes. We will be viewed as a company that is technically progressive and easy to do business with."
The Sweden-based ASSA Abloy Group is a leading manufacturer and supplier of locks and associated products, dedicated to satisfying end-user needs for security, safety and convenience. Current sales for the group are in excess of US$2 bn, representing sales from over 100 subsidiaries employing approximately 25 000 people in 30 countries.
For further details contact HID on tel: (091) 949 598 1600.
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