Dormakaba acquires AtiQx Holding B.V.
In February 2022, Dormakaba completed the acquisition of AtiQx Holding B.V., thereby strengthening its core business and services activities in the Netherlands. AtiQx is one of the major providers of electronic access control and workforce management in the relevant market. AtiQx provides comprehensive, customized solutions for electronic access control and workforce management in the Netherlands. The offering includes cloud-based solutions with an 24/7 services model, with an attractive recurring Software-as-a-Service (SaaS) income. The well-established market base of AtiQx comprises customers from the public and private sector including health care, transportation, or food amongst others. The company is based in Utrecht/Dordrecht and has around 70 employees.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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