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Hid Global Acquires Vizinex Rfid To Expand Portfolio Of High Performance Passive Rfid Tags

May 17, 2022about 3 years ago

Acquiring Company

HID Global

Acquired Company

Vizinex RFID

Description

HID Global, a worldwide leader in trusted identity solutions, today announced it has acquired Vizinex RFID. The acquisition increases HID Global’s presence and relevance in key vertical markets including healthcare/medical, manufacturing, oil & gas, data centers, etc. and adds a key technology to HID Global’s industry-leading RFID tag portfolio.

Company Information

Company

HID Global

About

HID powers the trusted identities of the world’s people, places and things. We make it possible for people to transact safely, work productively and travel freely. Our trusted identity solutions give people convenient access to physical and digital places and connect things that can be identified, verified and tracked digitally. Millions of people around the world use HID products and services to navigate their everyday lives, and billions of things are connected through HID technology. We work with governments, educational institutions, hospitals, financial institutions, industrial businesses and some of the most innovative companies on the planet. Headquartered in Austin, Texas, HID has over 4,500 employees worldwide and operates international offices that support more than 100 countries. HID is an ASSA ABLOY Group brand. For more information, visit www.hidglobal.com. © 2022 HID Corporation/ASSA ABLOY AB. All rights reserved. HID, HID Global, the HID Blue Brick logo, the Chain Logo, Janam, and the Janam logo are trademarks or registered trademarks of HID Corporation, ASSA ABLOY AB, or its affiliates(s) in the US and other countries and may not be used without permission.

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