ASSA ABLOY has announced that it has agreed to sell its Citizen ID business to TOPPAN.

According to the company, the Citizen ID business area of HID manufactures, designs and implements physical and mobile identity solutions for government to citizen programs around the globe.

Citizen ID has some 450 employees with manufacturing facilities in Ireland, Malta and the US.

“New opportunities”

“I find it very satisfying that with TOPPAN, Citizen ID and its employees and customers get a committed long-term owner, creating new opportunities for the future and I wish them every success,” said Nico Delvaux, President and CEO of ASSA ABLOY.

Björn Lidefelt, Executive Vice President and Head of HID, added: “Over the past decade, our team has created a highly reputable offering of physical and digital citizen identity solutions.

“I am pleased with the improved performance of our Citizen ID business, appreciative of our employees’ contributions to HID and enthusiastic about their future success with TOPPAN.”

The transaction is subject to customary closing conditions, regulatory approvals and employee consultation and is expected to close during the first quarter of 2025.