Johan Molin, President and CEO of ASSA ABLOY said that Arjo was n exciting technological addition to the ASSA ABLOY Group.
“The company reinforces our current offering within secure identity solutions. The acquisition of Arjo considerably enhances the Group´s position within government ID and will provide complementary growth opportunities,” he said.
ASSA ABLOY Executive Vice President Stefan Widin said: “Our acquisition of Arjo significantly advances our Government ID business, broadening our geographical reach and giving us critical mass,” says , g and Head of business unit HID Global. “Arjo is a strong fit for HID Global, complementing our existing government ID offerings with an expanded range of capabilities for government agencies, state printers and local integrators.”
Arjo was founded in 2011 and has some 100 employees with operations in France, Italy and Hong Kong.
Sales for 2017 are expected to reach EUR 56 million