ASSA ABLOY Acquires Calmell in Spain

ASSA ABLOY, a global leader in security solutions, has announced its acquisition of Calmell, a Spanish company specializing in smart cards, smart paper tickets, and magnetic tickets. This acquisition is a strategic move to expand ASSA ABLOY’s portfolio within identification technologies.

“We are excited to welcome Calmell to the ASSA ABLOY family. Their cutting-edge technology is a valuable addition to our smart card offerings and will create new opportunities for growth,” said Nico Delvaux, President and CEO of ASSA ABLOY.

Björn Lidefelt, Executive Vice President and Head of HID, added, “This acquisition strengthens our growing presence in the public transportation sector. Calmell’s innovative solutions align perfectly with our mission to make travel more efficient and accessible around the world.”

Founded in 1920, Calmell is headquartered in Barcelona, Spain, and employs approximately 100 people. The company will now be integrated into HID’s Identification Technologies division. For the year 2024, Calmell expects revenues of about €29 million, with a strong EBIT margin.