HID transfers Workforce Business Unit to SwiftConnect (July 2026)
HID agreed to transfer its Workforce Business Unit, including the HID SAFE physical identity and access management platform and visitor management products, to SwiftConnect. In exchange, HID received additional equity in SwiftConnect.
HID narrowed its physical access business and became a larger SwiftConnect shareholder.
It established a pattern of HID shedding units outside its core identity focus.
The PKI sale is the second HID divestment within months, pointing to a deliberate portfolio reshaping.
