Kerry Pianoforte11.22.10
Identive Group, Inc. announced the closing of its acquisition of Smartag, a Singapore-based manufacturer of RFID inlays and inlay applications. Smartag complements Identive's European-based transponders and components business with similar capabilities in Singapore, opening up new opportunities and channels in the Asia/Pacific market while adding needed manufacturing capacity to the Company.
Identive acquired Smartag and an associated portfolio of RFID and related patents and other intellectual property from the France-based group, FCI SA.
"The transaction has proceeded smoothly and rapidly and we are very pleased that Smartag has now joined Identive Group. Our post-acquisition team has already begun to implement the integration plans for this newest acquisition," said Ayman S. Ashour, chairman and CEO of Identive Group. "With our TagStar manufacturing capabilities already fully leveraged, the addition of Smartag brings critical capacity and additional flexibility to the group. It also provides an important launching point to support Identive?s increasing activity in the Asia/Pacific region."
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.
Identive acquired Smartag and an associated portfolio of RFID and related patents and other intellectual property from the France-based group, FCI SA.
"The transaction has proceeded smoothly and rapidly and we are very pleased that Smartag has now joined Identive Group. Our post-acquisition team has already begun to implement the integration plans for this newest acquisition," said Ayman S. Ashour, chairman and CEO of Identive Group. "With our TagStar manufacturing capabilities already fully leveraged, the addition of Smartag brings critical capacity and additional flexibility to the group. It also provides an important launching point to support Identive?s increasing activity in the Asia/Pacific region."
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.