ASSA ABLOY acquires 3millID and Third Millennium in the US and UK
ASSA ABLOY has signed an agreement to acquire 3millID and Third Millennium Systems , specialists in readers and credentials for physical access control based in the US and UK. 3millID, founded in 2015 and based in Colorado, provides proprietary access control readers to North American enterprise customers. Third Millennium, established in 1996 in Wales, serves UK and European enterprise and government customers.
The companies, which have maintained a commercial partnership since 2015 in technology development and sales, employ approximately 40 people combined. They will join HID's Physical Access Control Solutions Business Area. Their combined sales for 2023 reached MUSD 21 (MSEK 220) with a strong EBIT margin. The acquisition is expected to be EPS accretive from the start and close during Q1 2025, subject to customary conditions.
ASSA ABLOY ha firmato un accordo per acquisire 3millID e Third Millennium Systems, specialisti in lettori e credenziali per il controllo accessi fisico con sede negli Stati Uniti e nel Regno Unito. 3millID, fondata nel 2015 e con sede in Colorado, fornisce lettori di controllo accessi proprietari a clienti aziendali in Nord America. Third Millennium, fondata nel 1996 in Galles, serve i clienti aziendali e governativi nel Regno Unito e in Europa.
Le aziende, che mantengono una partnership commerciale dal 2015 nello sviluppo della tecnologia e nelle vendite, impiegano circa 40 persone in totale. Si uniranno all'Area di Business delle Soluzioni per il Controllo Accessi Fisico di HID. Le loro vendite combinate per il 2023 hanno raggiunto MUSD 21 (MSEK 220) con un solido margine EBIT. L'acquisizione dovrebbe avere un effetto positivo sull'EPS sin dall'inizio e concludersi nel primo trimestre del 2025, soggetta a condizioni consuete.
ASSA ABLOY ha firmado un acuerdo para adquirir 3millID y Third Millennium Systems, especialistas en lectores y credenciales para el control de acceso f铆sico con sede en EE. UU. y Reino Unido. 3millID, fundada en 2015 y con sede en Colorado, proporciona lectores de control de acceso propietarios a clientes empresariales en Am茅rica del Norte. Third Millennium, establecida en 1996 en Gales, atiende a clientes empresariales y gubernamentales en el Reino Unido y Europa.
Las empresas, que han mantenido una asociaci贸n comercial desde 2015 en el desarrollo de tecnolog铆a y ventas, emplean aproximadamente 40 personas en total. Se unir谩n al 脕rea de Negocios de Soluciones de Control de Acceso F铆sico de HID. Sus ventas combinadas para 2023 alcanzaron MUSD 21 (MSEK 220) con un s贸lido margen EBIT. Se espera que la adquisici贸n sea acumulativa en el EPS desde el principio y se cierre durante el primer trimestre de 2025, sujeto a condiciones habituales.
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ASSA ABLOY a sign茅 un accord pour acqu茅rir 3millID et Third Millennium Systems, sp茅cialistes des lecteurs et des identifiants pour le contr么le d'acc猫s physique, bas茅s aux 脡tats-Unis et au Royaume-Uni. 3millID, fond茅e en 2015 et bas茅e au Colorado, fournit des lecteurs de contr么le d'acc猫s propri茅taires 脿 des clients d'entreprise en Am茅rique du Nord. Third Millennium, 茅tabli en 1996 au Pays de Galles, dessert des clients d'entreprise et gouvernementaux au Royaume-Uni et en Europe.
Les entreprises, qui maintiennent un partenariat commercial depuis 2015 dans le d茅veloppement technologique et les ventes, emploient environ 40 personnes au total. Elles rejoindront la division des Solutions de Contr么le d'Acc猫s Physique de HID. Leurs ventes combin茅es pour 2023 ont atteint MUSD 21 (MSEK 220) avec une solide marge EBIT. L'acquisition devrait avoir un impact positif sur le BPA d猫s le d茅part et devrait se cl么turer au cours du premier trimestre 2025, sous r茅serve des conditions habituelles.
ASSA ABLOY hat einen Vertrag zur 脺bernahme von 3millID und Third Millennium Systems unterzeichnet, die auf Leser und Berechtigungen f眉r die physische Zugangskontrolle spezialisiert sind und ihren Sitz in den USA und Gro脽britannien haben. 3millID, 2015 gegr眉ndet und mit Sitz in Colorado, bietet Unternehmensprellen in Nordamerika propriet盲re Zugangskontrollleser an. Third Millennium, 1996 in Wales gegr眉ndet, bedient Unternehmens- und Regierungs-kunden im Vereinigten K枚nigreich und Europa.
Die Unternehmen, die seit 2015 eine kommerzielle Partnerschaft in der Technologieentwicklung und im Vertrieb pflegen, besch盲ftigen insgesamt etwa 40 Mitarbeiter. Sie werden zum Gesch盲ftsbereich f眉r physische Zugangskontrolll枚sungen von HID sto脽en. Ihr kombinierter Umsatz f眉r 2023 betrug MUSD 21 (MSEK 220) bei einer starken EBIT-Marge. Die 脺bernahme wird voraussichtlich ab dem Beginn EPS-beitragskr盲ftig sein und im ersten Quartal 2025 unter den 眉blichen Bedingungen abgeschlossen werden.
- Combined sales of MUSD 21 with strong EBIT margin
- Acquisition expected to be EPS accretive immediately
- Expands ASSA ABLOY's physical access control technology portfolio
- Strengthens presence in US, UK, and European markets
- None.
"I am very pleased to welcome 3millID and Third Millennium into the ASSA ABLOY Group, exciting technological additions that will reinforce our current offering within physical access control, and provide complementary growth opportunities," says Nico Delvaux, President and CEO of ASSA ABLOY.
"Welcoming 3millID and Third Millennium into the HID family demonstrates our continued investment in core physical access control technologies. These acquisitions bring new opportunities to increase customer choice and relevance within our portfolio and will enhance our presence outside of
Founded in 2015 and headquartered in,
Since 2015, the two companies have had a commercial partnership, encompassing technology development and sales. The two companies have a total of some 40 employees and will be part of HID麓s Physical Access Control Solutions Business Area. 聽
Sales for 2023 amounted to about MUSD 21 (approx. MSEK 220) with a strong EBIT margin. The acquisition will be accretive to EPS from the start.
The acquisition is subject to customary closing conditions and is expected to close during the first quarter of 2025.
For more information, please contact:
Nico Delvaux, President and CEO, tel.聽no: +46 8 506 485 82
Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72聽聽聽聽聽聽聽聽聽聽聽聽聽聽 聽
Bj枚rn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68
About ASSA ABLOY
The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 61,000 employees and sales of
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