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Assa Abloy to acquire LaserCard for $80m

December 23, 2010SSN Staff

IRVINE, Calif.—Following closely upon its announcement to purchase Cardo, Assa Abloy on Dec. 21 announced its intent to buy embedded-hologram credential manufacturer LaserCard for $80 million. Further, HID Global, which is owned by Assa Abloy, said the teaming of LaserCard and HID represents an important advancement in HID Global's worldwide market position in the government sector and will significantly expand its portfolio of technology capabilities. “The LaserCard organization brings...

Assa Abloy, Cardo, Denis Hébert, HID Global, LaserCard, Robert DeVincenzi