EANS-Adhoc: Identive Group Inc.
Identive Group to acquire Smartag
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
Company Information
01.11.2010
Acquisition further strengthens core RFID technology, expands UHF product line and adds manufacturing capacity
Santa Ana, Calif., Ismaning, Germany and Singapore, November 1, 2010 - Identive Group, Inc. (NASDAQ: INVE; Frankfurt Stock Exchange: INV), a provider of products, services and solutions for the security, identification and RFID industries, today announced that it has entered into an agreement with the France-based Group FCI SA to acquire FCI´s Smartag subsidiary, a Singapore-based manufacturer of RFID inlays and inlay applications, as well as an associated portfolio of RFID and related patents and other intellectual property. The transaction is expected to close during November 2010, subject to customary closing terms and conditions.
Smartag specializes in high performance design and production of high frequency (HF) and ultra high frequency (UHF) RFID transponders and inlay-based solutions including labels and tags used for asset tracking, cards and stickers used for e-payment and ticketing transactions, and NFC labels used to enable secure payments with mobile devices. Smartag´s ability to utilize multiple antenna technologies and designs allows them significant versatility in customizing solutions for different applications.
end of ad-hoc-announcement ========================================== ====================================== About Identive Group Identive Group, Inc. (NASDAQ: INVE; Frankfurt Stock Exchange: INV) is an international technology company focused on building the worlds signature group in secure identification-based technologies. The businesses within Identive Group have deep industry expertise and are well-known global brands in their individual markets, providing leading-edge products and solutions in the areas of physical and logical access control, identity management and RFID systems to governments, commercial and industrial enterprises and consumers. Identives growth model is based on a combination of strong technology-driven organic growth from the businesses within the group and disciplined acquisitive development. For additional info visit: www.identive-group.com.
About FCI With operations in 30 countries, FCI is a leading manufacturer of connectors. Our 13,600 employees are committed to providing customers with high-quality, innovative products for a wide range of consumer and industrial applications. For more information visit: www.fci.com.
About Smartag Smartag is a leading producer of HF and UHF RFID inlays and smart tags. The company is specialized in the production of customized and form-adapted inlays used for labeling high value and security relevant goods. For additional information visit: www.smartag.sg.
end of announcement euro adhoc
Further inquiry note:
Herr Fabien B. Nestmann
Tel.: +49 89 9595-5544
E-Mail: investorrelations@identive-group.com
Branche: Computing & Information Technology
ISIN: US45170X1063
WKN: A1C0ZG
Index: Prime All Share, NASDAQ
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade
New York / regulated dealing