ActivIdentity, a supplier of strong authentication and credential management products, has inked a deal to be acquired by ASSA ABLOY, the parent company of HID Global for approximately $162 million.
With the acquisition, HID Global said it will advance the convergence of physical and logical access control. ActivIdentity’s products will provide the foundation of HID Global’s logical access product line, the companies said in announcing the agreement Monday.
“Through the combined power of HID Global and ActivIdentity, we have a compelling opportunity to finally address the use of a single credential for access to physical and logical domains,” Denis Hebert, HID Global chairman and CEO, said in a prepared statement.
Fremont, Calif.-based ActivIdentity employs more than 200 people and has offices in Europe and Japan.
The deal is expected to close by the end of the year, pending regulatory approvals and approval by owners of a majority of outstanding shares of ActivIdentity.