ASSA ABLOY acquires Janam Technologies in the US

ASSA ABLOY has acquired Janam, a provider of handheld mobile computers and readers, based in the US. This acquisition enhances HID's event access portfolio to now also include handheld readers for scanning tickets using barcode and RFID technology, including NFC.

Janam is a strategic technological addition to the ASSA ABLOY Group and reinforces the current RFID offering.

Janam was founded in 2006 and has some 20 employees. Based in New York, it will be part of HID's Identification Technologies Business Area.

Sales in 2021 amounted to about MUSD 21 (approx. MSEK 200) with a good EBIT margin and the acquisition will be accretive to EPS from start.