Kudelski Group is selling its Skidata business to Assa Abloy Group. This is stated in the Kudelski message.
The transaction is subject to regulatory approval. The transaction is expected to be completed in the third quarter of 2024. The financial terms of the transaction reflect the value of the Skidata enterprise in the amount of 340 million euros.
Goldman Sachs acts as an exclusive financial advisor, Hogan Lovells International LLP is a legal advisor to the Kudelski Group.
Kudelski Group is a Swiss company that sells digital television access and control systems, content protection solutions, cybersecurity solutions, Internet of Things products and public access infrastructure. The company's headquarters are located in Chaise-sur-Lausanne and Phoenix, Arizona.
Skidata is a global provider of innovative solutions for parking and mobility, as well as sports and entertainment. Skidata's revenues increased to 305 million euros in 2023 from 95 million euros in 2002.
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