Thinfilm completed the acquisition of Kovio for $2.7 million in cash and $1.0 million in equity, consisting of 1.0 million in Thinfilm shares, acquired by Kovio creditors at 5.92 NOK/share.
Thinfilm has built up a wide range of applications in the field of printed electronics (PE), most notably a collaboration the Bemis Company for smart labels. Kovio had made inroads into PE as well, designing and manufacturing printed silicon products such as near field communication (NFC) Barcodes and its Electronic Article Surveillance loss prevention tags, developed in partnership with Tyco Solutions and N
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