Industry Consolidation Through Acquisitions in 2024

Throughout 2024, major brands announced acquisitions, signalling industry consolidation and a growing focus on expanding authentication and identity security portfolios. This article examines some of the key acquisitions and highlights how diversification and innovation drive sector growth.

Authentix’s comprehensive security transformation

Over the past few years, Authentix has steadily built its portfolio through diversified acquisitions, including Security Print Solutions in 2019, Traceless Security (formerly a division of Kodak) in 2020, Strategic IP Information (online brand protection) in 2021, Royal Joh Enschedé in 2023, and the assets of Nanotech Security Corp in July 2024.

These acquisitions have transformed Authentix from a developer of taggants for fuel integrity programmes into a comprehensive solutions provider offering covert technologies, sensors, overt features, security printing, and design services.

Assa Abloy’s 300+ acquisitions

Assa Abloy is one of the most exciting companies to watch. It has five divisions and offers secure access solutions that include entrance locks (it owns the Yale brand), keys, tags, security doors, automated entrances, and identification products (through its HID brand).