Assa Abloy has acquired, through its subsidiary HID Global, approximately 98.5% of Evolis shares.

These acquisitions were made on September 19, indirectly through the acquisition of the entire share capital of Cedys&Co, owner of approximately 84.43% of Evolis shares (4,407,707 shares), and directly through the acquisition from Crédit Mutuel Equity SCR and Crédit Mutuel Innovation of approximately 14% of Evolis shares (732,632 and 10 shares respectively).

These acquisitions were concluded on the basis of a price of approximately 224.9 million euros, i.e. a price of 43.75 euros per Evolis share.

In the coming days, HID Global will file a mandatory simplified tender offer followed by a squeeze-out to acquire the remaining 80,471 Evolis shares at a price of 43.75 euros per share.

Prior to the acquisition, the Evolis Board of Directors recommended that shareholders tender their shares to the offer.

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