MERGERS AND ACQUISITONS
Untitled Page
SCM Microsystems, continued ...
"The combination with Bluehill ID offers us entry into the important
RFID transponder technology market, strengthens our e-passport and
national ID business, and helps us expand into important growth
verticals and geographies," says Felix Marx, CEO of SCM. "The support
of our stockholders demonstrates that they understand the important
role that acquisitions play in our growth strategy as we work to build
a leadership position in contactless technologies and identity
management."
The deal is expected to close in early 2010.
"SCM
and Bluehill ID are focused on the same markets and technologies. Each
company complements the other's product portfolio, technology, market
focus and regional strength," says Marx. "We expect the new, combined
company to accelerate consolidation of the highly fragmented identity
market and provide a stronger base for future growth."
<< PREVIOUS PAGE
Related headlines
RFaxis receives first multi-million dollar purchase order
Broadcom chips in for Bluetooth audio technology
Samueli charges set aside
New Century principles face SEC fraud charges
Anaheim officials may give KTGY larger role in ARTIC
O.C. bankruptcy filings jump in November
SCM Microsystems, continued ...
"The combination with Bluehill ID offers us entry into the important
RFID transponder technology market, strengthens our e-passport and
national ID business, and helps us expand into important growth
verticals and geographies," says Felix Marx, CEO of SCM. "The support
of our stockholders demonstrates that they understand the important
role that acquisitions play in our growth strategy as we work to build
a leadership position in contactless technologies and identity
management."The deal is expected to close in early 2010.
"SCM and Bluehill ID are focused on the same markets and technologies. Each company complements the other's product portfolio, technology, market focus and regional strength," says Marx. "We expect the new, combined company to accelerate consolidation of the highly fragmented identity market and provide a stronger base for future growth."
<< PREVIOUS PAGE
Related headlines
RFaxis receives first multi-million dollar purchase order
Broadcom chips in for Bluetooth audio technology
Samueli charges set aside
New Century principles face SEC fraud charges
Anaheim officials may give KTGY larger role in ARTIC
O.C. bankruptcy filings jump in November
