ASSA ABLOY to acquire 3millID and Third Millennium in US and UK

ASSA ABLOY has announced that it has signed an agreement to acquire 3millID Corporation and Third Millennium Systems.

“Reinforce our current offering”

Nico Delvaux, President and CEO, ASSA ABLOY commented: “I am very pleased to welcome 3millID and Third Millennium into the ASSA ABLOY Group, exciting technological additions that will reinforce our current offering within physical access control and provide complementary growth opportunities.”

“New opportunities”

Björn Lidefelt, EVP and Head, HID stated: “Welcoming 3millID and Third Millennium into the HID family demonstrates our continued investment in core physical access control technologies.

“These acquisitions bring new opportunities to increase customer choice and relevance within our portfolio and will enhance our presence outside of the United States,” Lidefelt added.

3MillID and Third Millennium

Partnership

Founded in 2015 and headquartered in Highlands Ranch, Colorado 3millID is a solutions provider of access control readers and technology-enabled products to customers in North America.

Third Millennium, founded in 1996 and based in Wales, UK is a provider of access control solutions and software to enterprise and government end customers in the UK and Europe with robust in-house technology expertise.

Since 2015, the two companies have had a commercial partnership, encompassing technology development and sales.

Acquisition

The two companies have a total of 40 employees and will be part of HID´s Physical Access Control Solutions Business Area.

The acquisition is subject to customary closing conditions and is expected to close during the first quarter of 2025.