Houlihan Lokey Advises HID Global
Houlihan Lokey is pleased to announce the planned divestiture of HID Global Corp.’s Citizen Identity Solutions business (CID) to a subsidiary of TOPPAN Holdings Inc. (TSE:7911) (TOPPAN). HID Global Corp. is an operating subsidiary of the Swedish-based ASSA ABLOY AB (OM:ASSAB). The transaction was signed on October 8, 2024.
CID partners with government agencies worldwide to provide secure and innovative e-passport and e-ID card credentials as well as mobile identity management solutions. The business has delivered more than 150 million e-IDs in over 50 countries for major programs that include national IDs, e-passports, foreign resident IDs, worker IDs, driver’s licenses, and vehicle registration programs worldwide.
HID Global is a leading developer and manufacturer of security and access control hardware and software solutions that help businesses, schools, and governments in more than 100 countries secure access and allow insight into their people, places, and things.
TOPPAN, headquartered in Tokyo, Japan, was founded in 1900 and is a leading global provider of integrated solutions in the fields of printing, communications, security, packaging, and other related services. In October 2023, TOPPAN transitioned into a holding company structure with more than 250 individual companies, 50,000 employees, and more than 150 global locations, generating approximately $12 billion in net sales annually. The transaction will further support TOPPAN’s presence and design capabilities in the government ID market, as well as continue the company’s efforts to become a leading provider of solutions to social issues worldwide through digital and sustainable transformation.
Houlihan Lokey served as the exclusive sellside financial advisor to HID Global and assisted in marketing, structuring, and negotiating the transaction. This further strengthens Houlihan Lokey’s leading position within the global security and digital identification management market.
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