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Assa Abloy Acquires Janam Technologies In The Us

Dec 27, 2022•almost 3 years ago

Acquiring Company

ASSA ABLOY

Acquired Company

Janam Technologies

StockholmWholesaleManufacturingInformation Technology

Description

ASSA ABLOY has acquired Janam, a leading 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.

Company Information

Company

ASSA ABLOY

Location

Stockholm, Stockholm County, Sweden

About

ASSA ABLOY is the global leader in access solutions. Every day we help people feel safe, secure and experience a more open world. We operate worldwide with 63,000 employees and sales of SEK 150 billion, with leading positions in areas such as efficient door openings, trusted identities and entrance automation. Our innovations enable safe, secure and convenient access to physical and digital places.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed