ASSA ABLOY acquires IdenTrust in the US

ASSA ABLOY has acquired IdenTrust, a leading provider of digital authentication
solutions. IdenTrust provides advanced cryptology systems, recognized by global
financial institutions, government agencies and corporations around the world.
IdenTrust is both a Trust Framework and an Identity Provider. Solutions are
based on Public Key Infrastructure (PKI).

“This acquisition reinforces our strategic vision of being the world leader in
secure authentication and issuance of secure identities. IdenTrust gives us
valuable knowledge and creates growth opportunities on a rapidly growing
market,” says Johan Molin, President and CEO of ASSA ABLOY.

“The acquisition of IdenTrust complements the previous acquisition of
ActivIdentity and considerably strengthens our HID Global value proposition
around secure authentication, providing us with a Trust Framework for issuing,
authenticating and using digital identities based on open standards,” says Denis
Hébert, Executive Vice President ASSA ABLOY and Head of business unit HID
Global.

IdenTrust was founded in 1999 and has 63 employees. The head office is located
in San Francisco.

Sales are expected to reach USD 14 M (approx. SEK 90 M) in 2014. Initially, the
acquisition will be slightly dilutive to earnings per share.


For more information, please contact:
Johan Molin, President and CEO, tel no: +46 8 506 485 42
Carolina Dybeck Happe, CFO and Executive Vice President, tel no: +46 8 506 485
72


About ASSA ABLOY
ASSA ABLOY is the global leader in door opening solutions, dedicated to
satisfying end-user needs for security, safety and convenience. Since its
formation in 1994, ASSA ABLOY has grown from a regional company into an
international group with around 43,000 employees, operations in over 70
countries and sales of about SEK 47 billion. ASSA ABLOY offers a more complete
range of door opening solutions than any other company on the market. In the
fast-growing electromechanical security segment, the Group has a leading
position in areas such as access control, identification technology, entrance
automation and hotel security.