Flexible Electronics News

ASSA ABLOY Intends to Acquire Evolis in France

EVOLIS S.A. is a leading French manufacturer of ID card printers and consumables, with 2022 sales of €112 million and a strong EBIT margin.

Author Image

By: DAVID SAVASTANO

Editor, Ink World Magazine

ASSA ABLOY intends to, through its subsidiary HID Global SAS (HID), and subject to certain customary and regulatory conditions, purchase approximately 98.5 percent of the shares of EVOLIS S.A., a Euronext Growth company listed in Paris and a leading French manufacturer of ID card printers and consumables.  HID has entered into (i) a put option agreement with the shareholders of Cedys & Co S.A.S. for all of the Cedys’ shares, noting that Cedys owns approximately 84.4 percent of the Evolis ...

Continue reading this story and get 24/7 access to Ink World magazine for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters