Handle iD was launched in 2006 and employs around 300 folks. The organization headquarters is in Sao Paulo / Brazil. (Resource: screenshot)
Assa Abloy has now signed an arrangement to purchase Command iD, a primary developer of hardware and software program remedies for accessibility control and time recording in Brazil. Control iD was started in 2006 and employs all over 300 men and women. The enterprise headquarters is in Sao Paulo / Brazil. Income in 2021 have been approximately 130 million Brazilian reals (equal to roughly 25.39 million euros) with a very good EBIT margin.
“Command iD’s target on revolutionary biometric systems, in particular facial recognition, fills some gaps in our existing portfolio and I am delighted that they come to be component of Assa Abloy,” said Lucas Boselli, government vice president of Assa Abloy and division chief American. “This acquisition gives us a wonderful opportunity to further more develop our professional and residential access management remedies and companies in a lot of distinct markets and apps in Brazil.”
With the acquisition, which is a strategic technological addition to improve its access control and biometrics assortment, Assa Abloy wants to extend its current market leadership in emerging markets.
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