News
ASSA ABLOY announces pair of acquisitions to start 2025
January 14, 2025 By SP&T Staff
ASSA ABLOY announced it has signed an agreement to acquire 3millID Corp. in the U.S. and Third Millennium Systems Ltd. in the U.K. — companies within readers and credentials for physical access control.
“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,” said Nico Delvaux, President and CEO of ASSA ABLOY in a statement.
“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,” added Björn Lidefelt, EVP and head of HID.
Founded in 2015 and headquartered in Highlands Ranch, Colo., 3millID is a solutions provider of proprietary access control readers and technology products to enterprise end customers in North America. Third Millennium, founded in 1996 and based in Wales, is a provider of access control solutions and software to enterprise and government customers in the U.K. and Europe.
According to ASSA ABLOY, the two companies have had a commercial partnership since 2015, encompassing technology development and sales. The two companies have approximately 40 employees and will be part of HID’s Physical Access Control Solutions Business Area.