Tag: TOPPAN
ASSA ABLOY justifies Citizen ID divestment
October 29, 2024Ken Showers, Managing Editor
STOCKHOLM — ASSA ABLOY CEO Nico Delvaux said the company recently divested Citizen ID, its physical and mobile identity solutions business, because it was playing too much catch up in that market.
“As you know, we, we constantly look at our portfolio and from time to time we decide that something does not fit the portfolio,” he said during the company’s 2024 Q3 earnings call. “I think if you look at the time that I've been here since 2018, I think we did...
ASSA ABLOY agrees to sell Citizen ID business to TOPPAN
October 18, 2024SSN Staff
STOCKHOLM, Sweden—ASSA ABLOY announced it has signed an agreement to sell its Citizen ID business to TOPPAN.
The Citizen ID business area of HID manufactures, designs, and implements physical and mobile identity solutions for government to citizen programs around the globe. Citizen ID has some 450 employees with manufacturing facilities in Ireland, Malta and the U.S. Sales in 2023 amounted to about SEK 1,300 M.
"I find it very satisfying that with TOPPAN, Citizen ID and its employees...