Assa Abloy Acquires Lumidigm

Assa Abloy AB has purchased Lumidigm Inc. of Albuquerque for an undisclosed sum. The acquisition will be accretive to earnings per share (EPS) from the start.

Assa Abloy President and CEO Johan Molin said the move will complement the Swedish company’s products within the biometrics industry.

Lumidigm, a manufacturer of biometric readers based on patented multispectral imaging technology, has provided solutions to ensure robust biometric identification under any conditions since its founding in 2001.

The acquisition also will enable HID Global, a business unit of Assa Abloy, to incorporate multispectral imaging biometrics as part of its multifactor authentication solutions for government, banking and enterprise.

Lumidigm, founded in 2001, is expected to reach sales of $25 million in 2014.

For more information, visit: www.assaabloy.com/en

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About Lumidigm Inc.

Published: February 2014

Glossary

biometrics: Biometrics refers to the automated recognition of individuals based on their physiological or behavioral characteristics. These unique attributes are used to verify or identify individuals, often in the context of security, access control, or authentication systems. Biometric systems capture, process, and analyze biometric data to accurately identify or verify the identity of an individual. Key characteristics and features of biometrics include: Physiological characteristics:...
multispectral imaging: Multispectral imaging is a technique that involves capturing and analyzing images at multiple discrete spectral bands within the electromagnetic spectrum. Unlike hyperspectral imaging, which acquires data across a continuous range of wavelengths, multispectral imaging is characterized by capturing information at several specific, predefined bands. This allows for the extraction of spectral signatures and information from different parts of the spectrum. Key aspects of multispectral imaging...