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HID Global to acquire Mercury Security
HID Global announced Tuesday it has signed an agreement to acquire Mercury Security, an OEM supplier of controllers for physical access control. Financial terms of the agreement were not disclosed.
September 20, 2017 By SP&T Staff
HID says that Mercury Security has more than three million controllers installed at tens of thousands of sites worldwide, and Mercury’s intelligent controllers, interface boards and software will complement HID’s readers, smart cards and mobile IDs for opening doors.
“The acquisition of Mercury Security will advance HID’s global leadership in the physical access control industry, adding Mercury Security’s high-quality controllers to HID’s product portfolio while extending HID’s installed base of millions of users beyond the readers and smart cards that we are already well known for,” said Stefan Widing, president and CEO, HID Global, in a statement.
The deal is expected to close in Q4 2017, subject to regulatory approval and customary closing conditions.
Once the acquisition is complete, the Mercury Security team will report to HID’s Physical Access Control Solutions (PACS) business, led by Harm Radstaak, vice president and managing director.
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