Assa Abloy: an acquisition in professional Wi-Fi
In a press release, the Swedish access solutions giant explains that the two companies offer a technological platform enabling customers of hotels and commercial establishments to connect securely to their Wi-Fi networks.
CEO Nico Delvaux explains that the deal will enable the locksmith group to strengthen its offering for hotels.
Although they are two very distinct entities, Nomadix and Global Reach have the same management team and the same shareholder base.
Founded in 1998, the two companies employ some 120 people and generated combined sales of around $30 million last year.
The acquisition, which will be accretive from the outset, is expected to be finalized by the end of June.
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