ASSA ABLOY has acquired the textile services business of Invengo Information Technology Co., Ltd, a globally renowned real-time inventory management platform that combines software, RFID tags, equipment and services, to efficiently identify, track and monitor linen and textile assets. Strategic technological acquisition “Invengo Textile Services is a strategic technological addition to the ASSA ABLOY Group. The company reinforces our current offering within the global RFID ecosystem. The acquisition of Invengo Textile Services enhances the Group’s position within smart components and will provide complementary growth opportunities,” said Nico Delvaux, President and CEO of ASSA ABLOY. “The addition of Invengo Textile Services to HID’s portfolio underscores our leadership position as solution enabler in the RFID market, particularly in the fast-growing commercial laundry sector,” said Björn Lidefelt, Executive Vice President and Head of Global Technologies business unit HID Global. Invengo Textile Services (formerly Tagsys) was founded in 1993 and has some 45 employees. Based in La Ciotat, France, it will be part of HID’s Identification Technologies Business Area. Sales in 2020 amounted to about MEUR 11 (approx. MSEK 110) and the acquisition will be neutral to EPS from start.
HID Global, a worldwide renowned company in trusted identity solutions, has announced it has acquired the Invengo Textile Services Business of Invengo Information Technology Co., Ltd. The acquisition adds radio frequency identification (RFID) tags, readers and cloud-based inventory management services for linen and laundry management to HID Global’s industry-renowned RFID portfolio. RFID products portfolio expansion According to MarketsandMarkets, the global market for commercial laundry offerings, including tags, readers, software and system integrator services, is expected to grow at a compounded annual rate of 12.9 percent from 2020-2025. This growth is driven by the expanding hospitality market and health care facilities requiring management of everything from bed-sheets to medical staff uniforms. COVID-19 has also led to a steep rise in the demand for clean and sanitized textiles, driving significant growth in the commercial laundry business worldwide. Identification technologies offering acquisition The acquisition of the Invengo Textile Services Business further extends our identification technologies offering" “The acquisition of the Invengo Textile Services Business further extends our identification technologies offering to meet the escalating demand for loss prevention capabilities, high-value analytics and real-time inventory visibility that increase efficiency in commercial laundry management,” said Björn Lidefelt, the Chief Executive Officer (CEO) of HID Global. Lidefelt adds, “This addition to the HID family complements our existing business and capabilities in the RFID market, enabling our partner community to create robust solutions for this fast-growing market.” Beyond healthcare and hospitality sectors, streamlined linen and laundry management is also necessary for staff uniform laundry in industrial settings, such as power and oil plants, transport facilities, and mining, engineering, chemical, construction and utility companies. Extending HID’s RFID and IoT solutions inventory The Invengo Textile Services line extends HID’s RFID and IoT enablement solutions portfolio to address today’s dynamic market requirements. Invengo Textile Services include: Durable LinTRAK RAIN RFID ultra-high-frequency (UHF) tags that are OEKO-TEX certified and optimized for integration into linens and other laundered textile products. Tiny and robust BluTAG high-frequency (HF) tags designed for industrial textile products. Industrial-grade HF and UHF readers, antennas, tabletop stations, gates, cabins and other hardware optimized for laundry use cases. The highly scalable ACUITY software platform that enables real-time inventory availability and visibility of textile assets. Based in La Ciotat, France, the Invengo Textile Services Business is now part of HID’s Identification Technologies Business Area led by Marc Bielmann, Senior Vice President and Head of Identification Technologies.
HID Global, a worldwide provider of trusted identity solutions, announced that it has acquired Technology Solutions (TSL) UK Ltd, a global provider of radio frequency identification (RFID) handheld readers. TSL designs develop and manufacture ruggedized mobile RFID readers and other multi-technology, mobile device peripherals used to identify and track products and assets. “The acquisition of TSL is a strategic fit for HID, which builds upon our leadership in identification technologies by adding proven handheld RFID readers to our robust portfolio of tags and Internet of Things enablement solutions,” said Björn Lidefelt, CEO of HID Global. “Expanding our RFID components business with TSL readers provides our customers a one-stop-shop for a complete RFID offering of hardware and integration tools - all through a shared distribution channel.” Mobile data capture TSL works with a worldwide network of distributors, OEMs, and system integrators to offer innovative mobile data capture solutions for a variety of applications, such as supply chain management, stock inventory control, and ticketing. The TSL handheld readers are industry-agnostic for use in retail, hospitality, animal ID, waste management, industry and logistics, and any vertical market or application where RFID tags are used. TSL products make it possible for customers to select their mobile device of choice for display and data processing The reader portfolio is focused on RAIN RFID ultra-high frequency (UHF) and also supports high-frequency (HF), low-frequency (LF), barcodes, and QR codes for the broadest range of use cases. With a core competency in designing reader units that are independent of display units, TSL products make it possible for customers to select their mobile device of choice for display and data processing and easily upgrade to new phones and tablets as display devices over time. Mobile operating systems In addition, the range of handheld readers are operating-system-independent; they work with iOS, Android, and Windows phones, and tablets, as well as other Bluetooth-enabled devices. TSL also provides its own mobile apps and a proven, stable, easy to use developer platform with SDKs and APIs that make it easy for third parties to develop across all major mobile operating systems, resulting in hundreds of apps supporting the readers to date. Based in Loughborough, United Kingdom, Technology Solutions was founded in 1994 with a focus on engineering and operations excellence serving Fortune 500 companies around the world. TSL is now a Business Unit within HID’s Identification Technologies Business Area, which is led by Marc Bielmann, Senior Vice President and Head of Identification Technologies.
ASSA ABLOY has acquired Technology Solutions (TSL) in the UK, a global provider of radio frequency identification (RFID) handheld readers. TSL designs, develops and manufactures ruggedized mobile RFID readers and other multi-technology, mobile device peripherals used to identify and track products and assets. "I am very pleased to welcome TSL into the ASSA ABLOY Group. TSL is a strategic technological addition to the ASSA ABLOY Group and reinforces our current RFID offering and provides complementary growth opportunities,” says Nico Delvaux, President and CEO of ASSA ABLOY. Broad RFID portfolio “The acquisition of TSL expands HID’s broad RFID portfolio with proven hardware and integration tools that extend our leadership in identification technologies,” says Björn Lidefelt, Executive Vice President and Head of Global Technologies business unit HID Global. TSL was founded in 1994 and has some 25 employees. The main office is located in Loughborough, UK. Sales in 2020 amounted to about MGBP 3 (approx. MSEK 30) with a good EBIT margin and the acquisition will be accretive to EPS from start.
HID Global, a provider of trusted identity solutions, announces that it has acquired Access-IS, a provider of miniaturized reader devices that combine a number of key technologies ideal for mission-critical environments. Access-IS’s proven technology and solutions broaden HID Global’s technology portfolio, accelerate its vertical market expansion, and add new product offerings that help meet customers’ evolving needs for integrated, digitized solutions. Access-IS’s technology, products and solutions have been developed with a focus on innovative design and quality for over three decades. Identification technologies business From barcode reading and image processing for document scanning to near-field communication (NFC) and Europay, MasterCard® and Visa® (EMV) for mobile ticketing, Access-IS has brought to market a range of devices that have been deployed worldwide in major cities and countries across a number of key verticals including finance, transportation and government. HID and Access-IS share a similar purpose to embed trust in physical products as a bridge to the digital world" “Access-IS solutions are a good fit for HID. Strategically aligned with both our existing Extended Access Technologies business and HID’s transport and ticketing solutions in our Identification Technologies business, Access-IS will enhance HID’s industry leadership while positioning us for growth in a variety of attractive markets,” said Björn Lidefelt, CEO of HID Global. “HID and Access-IS share a similar purpose to embed trust in physical products as a bridge to the digital world.” Identity and security solutions The company extends HID’s technology and product portfolio with proven solutions deployed worldwide: More than 100 million transactions processed through Access-IS products daily and its installed base includes over 20,000 systems used in public transportation and ticketing around the world. More than 50,000 users of its identity and security solutions (e-Passport, e-ID and e-driver’s license readers for government and commercial applications). Installations in over 200 airports, including 20 of the top 30 airports in the world, and used by many of the world’s top airlines. Contactless payment readers In addition to building upon Access-IS’s existing vertical markets, HID will leverage the company’s technology to fuel further expansion, and EMV contactless payment readers from Access-IS will broaden HID’s offering in the financial sector and other markets. Access-IS was founded in 1985 and is based in Reading, UK. With 120 employees serving customers in over 200 countries, the Access-IS team has a strong core competency in enabling quick, accurate and reliable identification and payment in integrated solutions. This expertise complements HID’s know-how in driving innovation that ensures the safety and security of people and places around the world, especially in mission-critical environments. Access-IS is now a Business Unit within HID’s Extended Access Technologies’ Business Area, which is led by Steve Currie, Vice President and Managing Director.
HID Global, a worldwide provider of trusted identity solutions, announces Bjorn Lidefelt has been named President and CEO. Bjorn joins the company after serving as Chief Commercial Officer (CCO) at HID parent company ASSA ABLOY, where he oversaw branding, communications, commercial development and strategy. He also has extensive experience in international sales and marketing, having spent more than nine years in Asia Pacific markets including China and Malaysia. Delivering industry-leading solutions “Bjorn has had a very successful journey with our organization, and will bring a wealth of experience and perspective from various roles and markets to HID,” said Nico Delvaux, President and CEO of ASSA ABLOY. Bjorn holds a Master of Science degree in Industrial Engineering and Management from the University of Linkoping, Sweden, majoring in computer science and marketing. He succeeds Stefan Widing, who led HID Global for over four years. “I look forward to leading a dedicated and talented global workforce focused on delivering industry-leading solutions to governments, universities, hospitals, financial institutions and some of the most innovative companies on the planet to create trusted physical and digital places,” Bjorn added.
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