2024-03-15 93hda635f63dhuhi73q2

HID acquires Evolis

HID, a global leader in trusted identity solutions, acquired approximately 98.5% of the shares of Evolis. Evolis is a manufacturer of card printers and consumables. The combination of capabilities signifies the emergence of an undisputed leader in this market, with a broad portfolio and global presence.

French-based Evolis develops, manufactures, and sells printers and software for personalizing cards/identifiers. For over 20 years since its inception, it has created a range of desktop printers well-received by the market and users.

HID Global, a part of ASSA ABLOY, acquired Fargo, a producer of identity solutions including card printers, in 2006. Evolis, a longstanding competitor of HID in this market, will now join HID’s stable, potentially leading to market dominance. The expected value of the transaction is approximately EUR 230 million.”