Biosite has been acquired by Swedish tech firm ASSA ABLOY.
The Solihull-headquartered biometric access control firm is the leading provider to UK construction industry.
Founded in 2010, it has 140 employees and generated sales of £14m in 2019.
“I am very pleased to welcome Biosite and their employees into the ASSA ABLOY Group,” said Nico Delvaux, President and CEO of ASSA ABLOY.
“Biosite is a strategic technological addition to the ASSA ABLOY Group. The company will reinforce our current offering within solutions for access control and will provide complementary growth opportunities.”
The ASSA ABLOY Group is the global leader in access solutions such as efficient door openings, trusted identities and entrance automation.
The Group operates worldwide with 49,000 employees.