HID Corp., an ASSA ABLOY Group company, has entered into a definitive agreement to acquire Motorola‘s worldwide RFID access control business, previously known as Indala, with headquarters in San Jose, Calif. The acquisition is expected to be completed in the fourth quarter of 2001, subject to regulatory approvals and customary closing conditions.
Motorola’s RFID access control business is complementary to HID’s RFID business, says Joe Grillo, HID president and CEO. “We will be viewed as a company that is technically progressive and easy to do business with,” he says.
Motorola determined that the long-term interests of the RFID business unit is best served by aligning it with a company having similar market objectives and focus, states Jim Osborn, Motorola corporate vice president and general manager.
HID will continue to foster strong personal relationships with customers and employees of the combined operations. The acquisition will provide opportunities for new product innovations, growth and services within HID’s expanding RFID and contactless access control businesses.
