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Tuesday 15 December, 2015


DOCDATA N.V. and ASSA ABLOY reach agreement on the sale of the IAI Group

DOCDATA N.V. and ASSA ABLOY reach agreement on the sale of the IAI Group

Transaction highlights

  • DOCDATA N.V. ("DOCDATA") and ASSA ABLOY AB ("ASSA ABLOY") have reached conditional agreement on the sale of all issued and outstanding shares in the technology company IAI industrial systems B.V. ("IAI"), including the subsidiaries IAI excimer systems B.V., IAI industrial systems GmbH and FEHA LaserTec GmbH (IAI and its subsidiaries together, "the IAI Group")
  • The IAI Group will be acquired by ASSA ABLOY Nederland Holding B.V., a subsidiary of ASSA ABLOY
  • The IAI Group will become a part of the HID Global organisation and will be managed by its Government ID Solutions business unit
  • The agreement values the Company at an Enterprise Value ("EV") of EUR 22 million as per 31 October 2015, representing an EV / EBITDA 2014 multiple of 15.9x
  • ASSA ABLOY will finance the proposed transaction with cash from its own available resources
  • Completion of the transaction is anticipated to occur on 22 December 2015, which would result in cash proceeds for DOCDATA of approximately EUR 23.1 million. Depending on holding costs, transaction costs and the cash settlement of the Performance Share Plans, the proceeds will become available for distribution in cash, subject to withholding taxes, to DOCDATA's shareholders through the final dividend of the year 2015 to be paid after approval by the 2016 DOCDATA Annual General Meeting of Shareholders to be held in May 2016
  • Approval for the transaction will be requested from the DOCDATA's extraordinary general meeting of shareholders to be held on 16 December 2015 ("EGM")
  • The Management Board and Supervisory Board of DOCDATA fully support the proposed transaction and unanimously recommend its shareholders to vote in favour of the approval of the proposed transaction at the EGM

Please click the link below for the full press release. 


Waalwijk, The Netherlands, 15 December 2015

Further information:       DOCDATA N.V., M.F.P.M. Alting von Geusau, CEO, Tel. +31 416 631 100
Corporate website:

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: DOCDATA N.V. via Globenewswire


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