Cheseaux-sur-Lausanne, Switzerland, and Phoenix (AZ), USA - July 22nd 2024 - The Kudelski Group (SIX:KUD.S), the world leader in digital security, announced today that it has signed a definitive agreement to sell its SKIDATA business to ASSA ABLOY.
Under the Group's leadership over the past 23 years, SKIDATA has evolved into a global provider of innovative solutions for Parking & Mobility and Sports & Entertainment, with revenues increasing from approximately EUR 95 million in 2002 to EUR 305 million in 2023.
We are proud of and grateful for what SKIDATA has accomplished since joining the Group in 2001, said Mr. Andr Kudelski, Chairman and CEO of the Kudelski Group. This transaction is part of our overarching strategy to streamline the Groups focus on digital security technologies and solutions for Media, the Internet of Things and Cybersecurity markets. We thank the SKIDATA teams for their hard work and many accomplishments and wish them well as part of ASSA ABLOY.
I am very pleased to welcome the SKIDATA team into the ASSA ABLOY Group. This acquisition delivers on our strategy to grow our business in mature markets through adding complementary products and solutions to our core business, says Nico Delvaux, President and CEO of ASSA ABLOY.
The transaction is subject to regulatory approval and customary closing conditions and is expected to close during the third quarter of 2024. Financial terms of the deal reflect an enterprise value for SKIDATA of EUR 340 million.
Goldman Sachs is acting as exclusive financial advisor, and Hogan Lovells International LLP is acting as legal advisor, to the Kudelski Group.
About the Kudelski Group
The Kudelski Group (SIX: KUD.S) is a world leader in digital business enablement technologies that are built to enable innovation and deliver trust. The four main business divisions of the Group cover end-to-end convergent media solutions to the digital entertainment industry, cybersecurity services for enterprise and government bodies, public access solutions and end-to-end IoT design solutions and full-lifecycle services.
The Kudelski Group is headquartered in Cheseaux-sur-Lausanne, Switzerland and Phoenix (AZ), USA with offices in 32 countries around the world. For more information, please visit www.nagra.com
Media contacts
Marc Ausoni
Kudelski Group
Senior Vice President - Internal Audit and Investor Relations
+41 21 732 05 49
[email protected]
Marc Demierre
Kudelski Group
Director Corporate Communications
+41 79 190 17 09
[email protected]
More from Nagra Media Uk Ltd
22/01/2025
In our latest blog, Tim Pearson reflects on CES 2025, the latest trends, and the key conversations held with visitors to the NAGRAVISION booth.
Connect the wor...
03/12/2024
In our latest blog, Tim Pearson considers recent industry successes in dismantling large-scale pirate operations and what defensive steps video service provider...
04/11/2024
In our latest blog, Tim Pearson caught up with Julian Williams at Anthropic to e...
30/10/2024
As a lifelong sports enthusiast from the U.S., I've always been captivated by how sports can unite people. From the roar of the crowd during major events to...
09/10/2024
Streaming security, consumer engagement, and consumer cybersecurity were top of mind in NAGRAVISION's IBC 2024 showcase, as highlighted by Tim Pearson in ou...
01/10/2024
This year's IBC 2024 was an incredible opportunity to connect with industry ...
11/09/2024
In our latest blog, Tim Pearson reflects on CES 2024 where AI was omnipresent, innovation abounded, and conversations focused on creative solutions to address e...
11/09/2024
In our latest blog, Tim Pearson reflects on a busy Mobile World Congress that wa...
27/08/2024
Cheseaux-sur-Lausanne, Switzerland, and Phoenix (AZ), USA - August 27, 2024 - NAGRA, a Kudelski Group (SIX:KUD.S) company and one of the worlds leading independ...
22/08/2024
Cheseaux-sur-Lausanne, Switzerland and Phoenix (AZ), USA - August 22nd, 2024 - The Kudelski Group (SIX: KUD.S), the world leader in digital security, announced ...
22/07/2024
Cheseaux-sur-Lausanne, Switzerland, and Phoenix (AZ), USA - July 22nd 2024 - The Kudelski Group (SIX:KUD.S), the world leader in digital security, announced tod...
16/07/2024
Cheseaux-sur-Lausanne, Switzerland, and Phoenix (AZ), USA - July 16th 2024 - The Kudelski Group (SIX:KUD.S), the world leader in digital security, today announc...
03/07/2024
Ad hoc announcement pursuant to Art. 53 LR
Cheseaux-sur-Lausanne, Switzerland a...
18/06/2024
Learn valuable insights into strengthening your content protection strategy and ...
14/06/2024
In our latest blog Tim Pearson considers Generative AI and the opportunities it presents as well as some of the challenges it can cause for media, entertainment...
09/05/2024
Ahmedabad, India-May 8, 2024 - GTPL Hathway Limited, India's largest MSO tod...
08/05/2024
Cheseaux-sur-Lausanne, Switzerland and Phoenix, (AZ), USA -7 May, 2024 - NAGRA, ...
30/04/2024
With a focus on safeguarding premium content value and authenticity, NAGRA highl...
19/04/2024
Ad hoc announcement pursuant to Art. 53 LR
Cheseaux-sur-Lausanne, Switzerland - April 19, 2024 - The Annual General Meeting of Kudelski SA (SIX:KUD.S) was held...
13/04/2024
In our latest blog, gain insights into the media industry's challenges and how NAGRA Active Streaming Protection provides a framework for holistic content p...
10/04/2024
Cheseaux-sur-Lausanne, Switzerland, and Phoenix (AZ), USA - April 9, 2024 - NAGR...
27/03/2024
Ad hoc announcement pursuant to Art. 53 LR
Cheseaux-sur-Lausanne, Switzerland, and Phoenix (AZ), USA, March 27 2024 - The Kudelski Group has published its 2023...
15/03/2024
This year's annual telecoms jamboree in Barcelona attracted a record breakin...
22/02/2024
Ad hoc announcement pursuant to Art. 53 LR
Cheseaux-sur-Lausanne, Switzerland and Phoenix (AZ), USA - February 22nd, 2024 - The Kudelski Group (SIX: KUD.S), th...
06/02/2024
Cheseaux-sur-Lausanne, Switzerland, and Grand-Saconnex, Switzerland - February 6...
19/01/2024
As new year celebrations faded, it was time to head for Las Vegas. Providing an interesting juxtaposition of tourists enjoying the delights of the strip, inter...
19/01/2024
Get exclusive insights from industry leaders at CES 2024 and the pulse of consumer concerns about privacy and security in the connected home space, with key sta...
07/01/2024
Cheseaux-sur-Lausanne, Switzerland, and Phoenix (AZ), USA - January 7, 2024 - At CES 2024, the Kudelski Group (SIX:KUD.S), the world leader in digital security,...
09/10/2023
In our latest blog, Olivier Biot reflects on the recent APOS event in Bali and how the APAC M&E industry is planning to navigate the disruption.
This year'...
28/09/2023
In our latest blog, Tim Pearson reflects on IBC 2023 and how NAGRA helped visitors to its booth plot a course and navigate the disruption.
There seemed to be m...
26/09/2023
Cheseaux-sur-Lausanne, Switzerland and Phoenix, (AZ), USA - September 26, 2023 -...
20/09/2023
Cheseaux-sur-Lausanne, Switzerland, and Phoenix USA - Sept. 20, 2023 - NAGRA, a ...
15/09/2023
Cheseaux-sur-Lausanne, Switzerland, and Phoenix (AZ), USA - September 15, 2023 - NAGRA, a Kudelski Group (SIX:KUD.S) company and one of the worlds leading indep...
14/09/2023
Cheseaux-sur-Lausanne, Switzerland, and Phoenix (AZ), USA - September 14, 2023 -...
14/09/2023
Cheseaux-sur-Lausanne, Switzerland, and Phoenix (AZ), USA - September 14, 2023 - NAGRA, a Kudelski Group (SIX:KUD.S) company and the worlds leading independent ...
13/09/2023
Cheseaux-sur-Lausanne, Switzerland, and Phoenix (AZ), USA - Sept. 13, 2023 - NAG...
12/09/2023
Cheseaux-sur-Lausanne, Switzerland, and Phoenix (AZ), USA - September 12, 2023 - NAGRA, a Kudelski Group (SIX:KUD.S) company and the worlds leading independent ...
08/09/2023
In our latest blog, Rafael Rivera shares thoughts on the importance of creating ...
06/09/2023
Cheseaux-sur-Lausanne, Switzerland, and Berkeley (CA), USA - September 6, 2023 -...
29/08/2023
Cheseaux-sur-Lausanne, Switzerland, and Phoenix (AZ), USA - August 29, 2023 - NA...
26/08/2023
In our latest blog, Tim Pearson looks at the much-discussed topic of CDN content piracy and discusses what to watch for, the impact it can cause and how the ris...
25/08/2023
A medida que las Telcos de todo el mundo atraviesan diferentes fases de transfor...
24/08/2023
Ad hoc announcement pursuant to Art. 53 LR
Highlights:
Total Group revenues and OOI increased to USD 339.9 million, from USD 333.4 million in the first half 2...
24/08/2023
Ad hoc announcement pursuant to Art. 53 LR
Cheseaux-sur-Lausanne, Switzerland, Phoenix (AZ), USA, and Stamford (CT), USA- August 24, 2023 - Finacity Corporatio...
22/08/2023
Cheseaux-sur-Lausanne, Switzerland and Phoenix, (AZ), USA - August 22, 2023 - NAGRA, a Kudelski Group (SIX:KUD.S) company and the worlds leading independent pr...
08/08/2023
Unbelievably, the summer vacation season is already nearing an end here in the United States. School is back in session already, which means early morning drop...
02/08/2023
Cheseaux-sur-Lausanne, Switzerland and Phoenix, (AZ), USA - August 2, 2023 - NAG...
20/07/2023
Summer evenings in London are rarely without some form of red carpet event that draws both the crowds and the press - such as the recent premiere of Oppenheimer...
18/07/2023
Cheseaux-sur-Lausanne, Switzerland and Phoenix, (AZ), USA - July 18, 2023 - NAGR...
Cheseaux-sur-Lausanne, Switzerland, and Phoenix (AZ), USA - July 22nd 2024 - The Kudelski Group (SIX:KUD.S), the world leader in digital security, announced today that it has signed a definitive agreement to sell its SKIDATA business to ASSA ABLOY.
