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Assa Abloy Acquires Janam Technologies In The Us

Dec 27, 2022•over 2 years ago

Acquiring Company

ASSA ABLOY

Acquired Company

Janam Technologies

StockholmManufacturingInformation 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

The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 48,000 employees and sales of SEK 88 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.This information was brought to you by Cision http://news.cision.com https://news.cision.com/assa-abloy/r/assa-abloy-to-acquire-hardware-and-home-improvement--hhi--division-of-spectrum-brands,c3412118 The following files are available for download: https://mb.cision.com/Main/7333/3412118/1465954.pdf Press release (PDF) SOURCE ASSA ABLOY

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

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