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ASSA ABLOY makes acquisition of 3millID and Third Millennium in UK and US

published on 2025-01-09 12:00:33 UTC by James Humphreys
Content:

ASSA ABLOY has announced an agreement to acquire 3millID Corporation and Third Millennium Systems in the UK and US.

“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,” said Nico Delvaux, President and CEO of ASSA ABLOY.

Founded in 2015 and headquartered in, Highlands Ranch, Colorado, 3millID is a solutions provider of proprietary access control readers and technology-enabled products to enterprise end customers in North America.

Third Millennium, founded in 1996 and based in Wales, UK, is a provider of access control solutions and software to enterprise and government end customers in the UK and Europe, with robust in-house technology expertise.

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´s Physical Access Control Solutions Business Area.  

Continued investment

“Welcoming 3millID and Third Millennium into the HID family demonstrates our continued investment in core physical access control technologies,” added Björn Lidefelt, EVP and Head of HID.

“These acquisitions bring new opportunities to increase customer choice and relevance within our portfolio and will enhance our presence outside of the United States.”

According to the company, the acquisition is subject to customary closing conditions and is expected to close during the first quarter of 2025.

More Security News

Article: ASSA ABLOY makes acquisition of 3millID and Third Millennium in UK and US - published 1 day ago.

https://securityjournaluk.com/assa-abloy-acquires-3millid-third-millennium/   
Published: 2025 01 09 12:00:33
Received: 2025 01 10 09:06:23
Feed: Security Journal UK
Source: Security Journal UK
Category: Security
Topic: Security
Views: 2

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