ASSA ABLOY buys Control iD in Brazil


ASSA ABLOY has signed an agreement to acquire Control iD, a leading developer of hardware and software solutions for access control and time & attendance in Brazil.

“I look forward to welcoming Control iD and their employees into the ASSA ABLOY Group. Control iD is a strategic technological addition; reinforcing our current access control and biometrics offerings, providing complementary growth opportunities, and enabling us to grow our market leadership in emerging markets,” says Nico Delvaux, President, and CEO of ASSA ABLOY.

Also Read: Cyber Insurance: Technological Evolution from Luxury to Essential

“Control iD’s focus on innovative biometric technologies, especially facial recognition, fills several gaps in our existing portfolio and I’m excited for them to become part of ASSA ABLOY,” says Lucas Boselli, Executive Vice President of ASSA ABLOY and Head of the Americas Division. “This acquisition provides a great opportunity for us to further develop our commercial and residential access control solutions and services to many different markets and applications in Brazil.”

For more such updates follow us on Google News ITsecuritywire News