Stockholm –ASSA ABLOY Global Solutions has announced its acquisition of Axxess Industries Inc., a renowned innovator of electronics and smart technologies engineered for the needs of hotel and residential environments. Axxess' solutions will be offered alongside the offerings of Vingcard, the main brand for ASSA ABLOY Global Solutions' business area Hospitality, promoting wider access to the latest in enhanced security, guest convenience and cost-saving efficiency. "Axxess Industries is a welcome addition to our global team and further complements our commitment of serving as an end-to-end technology provider. In addition, it also complements our portfolio to become a true full solutions provider. We look forward to passing on the enhanced value that this latest acquisition represents and as hospitality-based businesses seek out more ways to differentiate themselves with exceptional experiences", says Stephanie Ordan, Executive Vice President, and Head of ASSA ABLOY Global Solutions.