Reading, UK, 17 August 2020 - Access-IS, a leader in ID document scanning, ticket reading and contactless fare payments, joins HID Global, a worldwide leader in trusted identity solutions, an ASSA ABLOY Group company

Access-IS is a leading technology provider of miniaturized reader devices that combine a number of key technologies ideal for mission-critical environments.

Access-IS’ proven technology and solutions will broaden HID Global’s portfolio to create a new wealth of applications to enable both Access-IS and HID to realise their common vision.  The product and technology portfolios are greatly complementary and will accelerate both HID’s and Access-IS’ vertical market expansion and add new product offerings that supports people’s ability to transact safely, work productively and travel freely.

Access-IS joins HID Global

The acquisition news follows a record period of growth for Access, which has doubled the size of its business since 2015 when Mobeus, a London based Private Equity house invested in and supported a Management Buy Out, to reach a revenue  of c. £19m in 2019.  

Managing Director, Guy-Franck Nakach said “HID and Access-IS vision, technology and values are extremely complementary, and together enable people to validate and use a trusted identity to access a range of services.  As the global leader in access solutions, HID has the reach and industry expertise to enable Access-IS to achieve its ambitious growth plans and fulfil its potential”. EC Mergers & Acquisitions acted as the exclusive financial advisor to Access-IS in the transaction.

“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 number 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.”

Access-IS technology is widely deployed in airports, transit and ticketing solutions, governmental and KYC applications worldwide. 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.    

Succeeding Guy-Franck, Susan Stuart will take the role of Managing Director of the Access-IS Business Unit and will be reporting to Steve Currie, Vice President and Managing Director of Extended Access Technologies’ Business Area.

Want to learn more?

Get in touch to learn more about our products, services and what we can offer your business.

Contact Us