AUSTIN, Texas, September 20, 2023 - HID, the worldwide leader in trusted identity solutions, acquired yesterday approximately 98.5 percent of the shares of Evolis S.A. (“Evolis”), a leading manufacturer of card printers and consumables. The addition of Evolis combines two of the leaders in the desktop printer market and expands HID’s printer portfolio, geographic relevance, and ability to serve customers in additional verticals.
Evolis develops, manufactures, and sells printers and software for personalization of physical credentials. Through a well-established channel network, Evolis has built a deep-rooted global market position in the instant issuance of physical credentials, such as ID cards, access control badges, payment cards, and other personalized credentials.
Details of the completed acquisition and the subsequent obligatory simplified tender offer by HID Global SAS for the remaining shares of Evolis are available in today’s press release from ASSA ABLOY and on the ASSA ABLOY website. Subject to the conditions set forth in today’s ASSA ABLOY press release (see above), the purchase price, including the intended tender offer price and any squeeze-out indemnity for the acquisition of 100% of the shares of Evolis would amount to EUR 228.4 million (i.e. EUR 43.75 per Evolis’ share).
Stay Connected with HID
HID powers the trusted identities of the world’s people, places and things. We make it possible for people to transact safely, work productively and travel freely. Our trusted identity solutions give people convenient access to physical and digital places and connect things that can be identified, verified and tracked digitally. Millions of people around the world use HID products and services to navigate their everyday lives, and billions of things are connected through HID technology. We work with governments, educational institutions, hospitals, financial institutions, industrial businesses and some of the most innovative companies on the planet. Headquartered in Austin, Texas, HID has over 4,500 employees worldwide and operates international offices that support more than 100 countries. HID is an ASSA ABLOY Group brand. For more information, visit www.hidglobal.com.
Evolis has developed a recognized expertise in instant and decentralized card and badge issuance, thanks to a wide range of plastic card personalization systems. These card printers are recommended depending on the particular requirements: type of printing required, encoding features, card life, security level and volume of cards to be printed. In addition, Evolis has extended its range with several printers designed for specific projects, including print modules dedicated to self-service terminals. The Evolis range covers all requirements, from simple printing in small batches to the complete customization of secure technological cards in large volumes.
Evolis was established in 1999 and has some 380 employees. The company is headquartered in Angers, France. The Company is listed on Euronext Growth in Paris.
© 2023 HID Global Corporation/ASSA ABLOY AB. All rights reserved. HID, the HID Blue Brick logo and the Chain Design are trademarks or registered trademarks of HID Global, ASSA ABLOY AB, or its affiliate(s) in the US and other countries and may not be used without permission. All other trademarks, service marks, and product or service names are trademarks or registered trademarks of their respective owners.