International. HID has signed an agreement to acquire Calmell Group, a Spanish company specializing in the manufacture of smart cards, paper smart tickets and magnetic stripe tickets, mainly for the public transport sector.
With this acquisition, HID seeks to strengthen its portfolio of solutions for intelligent ticketing and management, as well as consolidate its presence in regions such as Spain, the European Union, North Africa and Latin America.
"Calmell Group is an exceptional addition to our ever-growing public transportation ecosystem, and we are excited to welcome it to the HID family," said Björn Lidefelt, Executive Vice President and Head of HID. "Their offering and expertise help get people where they need to go, which aligns perfectly with our desire to contribute to a world with greater freedom of movement."
Headquartered in Barcelona, Calmell Group was founded in 1920 as a printing company specialising in graphic products and over time evolved into the manufacture of transport ticketing technologies.
The company will be integrated into HID's Identification Technologies area, within the Event and Mobility Solutions business unit, led by Cesare Paciello. It will be supported by HID's commercial network and other operational functions.
"We look forward to the addition of Calmell to our ever-growing offering of intelligent ticketing and ticketing solutions. This acquisition strengthens our presence in the public transportation space and allows us to better serve riders in an increasing number of regions around the world," said Marc Bielmann, Senior Vice President and Head of Identification Technologies at HID.
Carles Martí Santiago, CEO of Calmell Group, commented: "At Calmell, we pride ourselves on our long history of developing innovative and reliable solutions that enable people to move as needed. Joining HID is a great opportunity to expand our impact in the long term, leveraging their expertise in digital credentials to continue serving our partners."
The transaction is subject to the fulfillment of the usual conditions for its closing.
