FB pixel

Assa Abloy buys biometric access control developer Biosite, receives SIA award

Categories Access Control  |  Biometrics News  |  Trade Notes
 

biometrics industry acquisitions and investment

Assa Abloy has purchased biometric access solution developer Biosite for an undisclosed amount, the company announced.

“I am very pleased to welcome Biosite and their employees into the Assa Abloy group. Biosite is a strategic technological addition to the Assa Abloy group. The company will reinforce our current offering within solutions for access control and will provide complementary growth opportunities,” said Nico Delvaux, president and chief executive of Assa Abloy. “Biosite offers biometric access – and workforce management solutions to the construction sector; maximizing security and safety whilst providing full visibility to material-, design plans- and people flow on the construction site.”

Established in 2010, Biosite provides biometric access to construction sites, has a team of 140 people and reported sales of some £14 million (US$18 million).

Mobeus, Biosite’s initial partner, invested some £5.75 million (US$7.5 million) in 2016 to help scale the company and establish an executive team focused on product innovation.

“It’s been a privilege to work with Li and the team to help Biosite achieve its ambition to become the complete site management tool of choice for the construction industry,” said Amit Hindocha, Mobeus investment partner. “We are very pleased the team has found such a great fit with Assa Abloy and are confident they will continue to deliver on the next stage of their growth journey.”

Biosite received guidance from PwC on the negotiation.

“Biosite is an exceptional fast growth business, as recognized in the Sunday Times Tech Track 100, run by an exceptional management team and we look forward to seeing the business thrive during its next growth phase with support from Assa Abloy,” said PwC Midlands director Ian Birch.

Assa Abloy has received the 2020 Member of the Year Award from the Security Industry Association, recognizing the company’s leadership and involvement in SIA-related projects and events. The company will be presented with the award at The Advance, SIA’s annual membership meeting, during ISC West.

Assa Abloy regularly sponsors SIA events such as Market Leaders Reception at ISC West, SIA GovSummit and Securing New Ground, and has greatly contributed with content to the SIA Center of Excellence and SIA Technology Insights.

“SIA is proud to honor ASSA ABLOY as the 2020 SIA Member of the Year and applauds the company for its invaluable engagement, thought leadership efforts and contributions to SIA, our members and the security industry overall,” said Scott Schafer, chairman of the SIA Board of Directors in a statement. “Thanks in large part to the outstanding support of members like ASSA ABLOY, SIA is able to continue building on its robust suite of resources, programming and education and training offerings to better serve our members and the industry.”

The Advance will take place during ISC West 2020 on Tuesday, March 17, from 10:30 to 11:30 a.m. in the Sands Convention Center in Las Vegas, Nevada.

Article Topics

 |   |   |   |   |   |   | 

Latest Biometrics News

 

UNHCR salutes African govts’ pledge to accelerate digital ID action for forcibly displaced

The Office of the United Nations High Commissioner for Refugees (UNHCR) has lauded the willingness by some African governments to…

 

Mastercard aims to deliver digital identity, access for 100M in Africa

Mastercard is doubling down on spreading its Community Pass, a digital platform that holds a digital ID and wallet in…

 

DPI critical to effective digital transformation in government

Robert Opp, chief digital officer of UNDP emphasizes the importance of viewing DPI as the digital equivalent of physical infrastructure,…

 

Age verification comes to social media as age of unregulated use nears an end

If trends continue, social media is set to follow in the path of cigarettes: an activity benefitting early from lax…

 

AI can save UK govt £40B annually, revolutionize public services: Blair Institute

AI will soon be used to pre-check applications for correct information, triage cases by calculating complexity and routing them appropriately,…

 

Papua New Guinea completes national data protection and governance policy

The Ministry of Information and Communications Technology has announced the completion of the national data protection and governance policy, marking…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events