STOCKHOLM, Oct. 18, 2024 /PRNewswire/ — ASSA ABLOY has signed an agreement to sell its Citizen ID business to TOPPAN.

The Citizen ID business area of HID manufactures, designs, and implements physical and mobile identity solutions for government to citizen programs around the globe. Citizen ID has some 450 employees with manufacturing facilities in Ireland, Malta and the US. Sales in 2023 amounted to about SEK 1,300 M.
“I find it very satisfying that with TOPPAN, Citizen ID and its employees and customers get a committed long-term owner, creating new opportunities for the future and I wish them every success,” says Nico Delvaux, President and CEO of ASSA ABLOY.
“Over the past decade, our team has created a highly reputable offering of physical and digital citizen identity solutions,” said Björn Lidefelt, EVP and Head of HID. “I am pleased with the improved performance of our Citizen ID business, appreciative of our employees’ contributions to HID and enthusiastic about their future success with TOPPAN.”
The transaction will have a positive effect on ASSA ABLOY´s operating margin going forward. The capital result before taxes is expected to be insignificant.
The transaction is subject to customary closing conditions, regulatory approvals, and employee consultation and is expected to close during the first quarter of 2025.
For more information, please contact:Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68
About ASSA ABLOY
The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 61,000 employees and sales of SEK 141 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY’s innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world.
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SINGAPORE, Oct. 18, 2024 /PRNewswire/ — TOPPAN Holdings Inc. (TYO: 7911) (TOPPAN Holdings) has announced that it has entered into a definitive agreement to acquire HID’s CID (Citizen Identity Solutions) business area, a division of HID Global Corporation focused on the government identity sector.

The acquisition will firmly establish TOPPAN as one of the largest leaders in security and identity solutions, expanding its global footprint and portfolio of advanced secure technology and expertise.
At the forefront of secure government identity solutions, HID’s CID business comes with over 20 years of experience delivering innovative technologies to more than 50 countries worldwide. The business has differentiated itself over time through its vertically integrated platforms present in every major continent.
“HID’s CID business has proven capabilities in delivering secure identity solutions, which accelerates the expansion of TOPPAN’s global operations,” said Jean-Pierre Ting, President of TOPPAN Gravity. “The combination of our experienced teams, shared cultural values, strong track records and complementary technology will create a formidable force in the global government identity sector.”
TOPPAN and HID believe that the US$10 billion global government identity sector continues to exhibit strong, resilient fundamentals across market cycles, including the growth of mobile IDs and Digital Travel Credentials (DTCs). The acquisition demonstrates TOPPAN’s continued commitment to expand into new markets and strategically grow its capabilities and offerings to its clients.
“HID has built a remarkable citizen identity business,” said Chee Tong Yeo, President & CEO of TOPPAN NEXT, the parent company of TOPPAN Gravity. “This acquisition strengthens TOPPAN’s position as an industry leader, offering a wider range of end-to-end government identity solutions. We’re excited about the new opportunities this will create for our clients and look forward to working with teams across both HID CID and TOPPAN Gravity.”
For media queries, please contact:
Kenny [email protected], Group Brand & MarketingTOPPAN NEXT
About TOPPAN Holdings Inc.
TOPPAN Holdings inc. is a leading and diversified global provider committed to delivering sustainable, integrated solutions in fields including printing, communications, security, packaging, décor materials, electronics, and digital transformation. The TOPPAN Group’s global team of more than 50,000 employees offers optimal solutions enabled by industry-leading expertise and technologies to address the diverse challenges of every business sector and society and contribute to the achievement of shared sustainability goals. 
TOPPAN Holdings wholly owns TOPPAN NEXT, which in turn wholly owns TOPPAN Gravity. 
For more information, please visit www.holdings.toppan.com/en. 
About HID and HID’s CID Business Area
HID Global Corporation is an ASSA ABLOY brand and a prominent provider of secure identity solutions, recognized for its comprehensive product range and expertise in the identity management industry. HID’s CID (Citizen Identity Solutions) business area is wholly owned by HID that specializes in government ID solutions, delivering an integrated approach that spans the entire identity lifecycle.

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DUBAI, UAE, Oct. 18, 2024 /PRNewswire/ — During the 44th GITEX GLOBAL, one of the world’s largest technology exhibitions, Huawei Commercial Market Summit was held with the theme of “Joining Hands with Partners to Amplify Intelligence for SMEs.” At the event, Huawei launched 17 new products and 6 new solutions designed for the global SME market. The company also shared achievements of its continued strategic investment in the commercial market, emphasizing that it will keep adhering to a partner-centric approach. Huawei is committed to working together with partners to serve hundreds of thousands of customers in the commercial market.

In his opening speech, Ernest Zhang, President of the Partner Development and Commercial & Distribution Business Dept in Huawei Enterprise Sales Dept, said: “Over the past year, Huawei has achieved rapid growth in the commercial market in terms of the number of partners and customers, and overall revenue. Huawei will firmly adhere to its partner-led commercial market strategy, join hands with partners to gain in-depth insights into customer requirements across industries and sub-scenarios, develop more competitive products and scenario-based solutions accordingly, build a mutually beneficial partnership system, and empower partners’ digital and intelligent capabilities, so as to achieve success together with our partners in the digital, intelligent future of the commercial market.”
Peter Zhang, Director of the Commercial Business Dept in Huawei Enterprise Sales Dept, said: “Leveraging Huawei’s deep technical expertise in the ICT field and decades of experience in digital transformation, we have launched over 300 innovative products and scenario-based solutions for the commercial market. Through the HUAWEI eFly platform, we have digitally supported our partners in expanding their business with enterprise customers. It is Huawei’s partner policy in the commercial market to build a partner-centric and trustable ecosystem, so that partners can gain more benefits, incentives, and profits.”
For education, healthcare, manufacturing, SMEs, and other key industries, 17 new products and 6 new solutions were released this time. For example, for the education sector, the brand new IdeaHub K3 redefines classroom interaction experiences; for the manufacturing sector, the freshly upgraded high-quality factory network solution becomes a strong backbone for flexible production; for SMEs, the simplified all-flash data center solution offers top-notch full-stack IT infrastructure; and for managed service providers (MSPs) in the commercial market, diverse solutions featuring easy selling, delivery, O&M, and growth are provided.
At the summit, Yusuf Ahmed, CEO of KEMS Zajil Telecom, the largest Internet service provider in Kuwait, shared how enterprises in Kuwait are actively embracing the anything-as-a-service (XaaS) global transformation and how KEMS Zajil Telecom has leveraged Huawei’s leading technologies to provide customers with flexible, diverse, and innovative cloud-based solutions. Richard Pearson, CPDO of SIBCA in the UAE, introduced that there is a growing recognition of green and intelligent concepts as well as technological infrastructure development across industries. SIBCA hopes that their cooperation with Huawei can be expanded from the current network, storage and other product fields to data centers, cloud, and AI, to jointly drive greener and smarter building construction in the near future.
With over three decades of deep cultivation in the ICT field, Huawei has accumulated a wealth of experience in digital transformation and is committed to becoming the core driving force for the rapid development of SMEs in the digital era. In the future, Huawei will keep working with global partners to innovate together, share success, and create a brilliant digital economy for SME customers around the world.
For more about Huawei commercial market solutions, see https://e.huawei.com/cn/industries/commercial-market.
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