How SKIDATA's Mobility Suite Makes Urban Parking Management Simple
The Kudelski Group and SKIDATA issue a strategic update
The Kudelski Group and SKIDATA issue a strategic update
22 February 2024Iris Perz2 Minute Read
The Kudelski Group, the world leader in digital security, today announced that it has initiated a strategic review of its SKIDATA business, with the intention to explore a range of strategic alternatives, including a potential sale of this business. One course of action under consideration is a divestiture of SKIDATA, which would allow the Group to sharpen its focus on its core business of delivering security solutions to target markets, such as Digital TV, cybersecurity, and IoT, while also pursuing new growth opportunities.
SKIDATA wishes to assure all stakeholders, especially our customers, employees, and partners, of its ongoing commitment to maintaining operations during this review period. SKIDATA remains committed to delivering consistent and reliable service worldwide, with no expected changes to its workforce, partnerships, or supply chain. SKIDATA’s focus on delivering quality service stays steadfast.
The Kudelski Group has engaged Goldman Sachs to conduct a thorough process to explore a divestment of SKIDATA. SKIDATA is the world market leader in access management with over 10,000 installations in over 100 countries, providing secure, future-oriented, and reliable access solutions. Its evolution from a traditional hardware supplier to a full solutions provider positions the company very well for continued growth in all its business segments under one roof.
SKIDATA has successfully implemented a strategic repositioning, leading to strong performance outcomes, this year marked a significant achievement, reflecting its strategic focus on leveraging synergies across its two business domains, Parking & Mobility and Sports & Entertainment. SKIDATA’s strategies, including digital subscriptions, partnerships, and managed services, are designed to sustain growth trajectory and customer satisfaction.
This reinforces the commitment to a unified business strategy, emphasizing the strength and synergy that characterizes SKIDATA’s operations. The company is confident in its path forward and remains dedicated to delivering value to customers and stakeholders.
Any agreement to divest SKIDATA would be subject to the approval of the Board of Directors of the Kudelski Group. There can be no guarantee that any offers will be received or that any offer will include terms and conditions that are acceptable to the Board. Kudelski Group and SKIDATA have no further comments to make at this time.
About the Kudelski Group
The Kudelski Group (SIX: KUD.S) is a world leader in digital business enablement technologies that encompass digital content security, public access, cybersecurity, and IoT. It is headquartered in Cheseaux-sur-Lausanne, Switzerland, and Phoenix (AZ), USA with offices in 32 countries around the world. For more information, please visit www.nagra.com.
About SKIDATA
SKIDATA is an international leader in the field of access solutions and their management. Worldwide, leading companies and operators of airports, shopping malls, cities, office buildings, hotels, hospitals, universities, ski resorts, stadiums and amusement parks rely on the secure, future-oriented and reliable access solutions for people and vehicles. SKIDATA is the reliable partner from first consultations to perfect service. SKIDATA places great value in providing solutions that are intuitive, easy to use, and secure for the end customer. The integrated concepts of SKIDATA solutions help clients optimize performance and maximize profits.
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