SMARTRAC N.V.
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Publicatie datum
14 dec 2011 - 17:07
Statutaire naam
SMARTRAC N.V.
Titel
SMARTRAC signs purchase agreement to acquire KSW Microtec AG
Bericht
Amsterdam and Jena, December 14, 2011 – SMARTRAC N.V., a leading developer,
manufacturer, and supplier of RFID transponders, announced that the company signed a
contract today with Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG, Jena,
Germany, regarding the acquisition of KSW Microtec AG by SMARTRAC N.V. at an amount of
EUR 24 million enterprise value. The purchase price is payable in three tranches. The first
tranche in the amount of EUR 12 million is due at closing of the acquisition, and the two
additional tranches in the amount of EUR 6 million each will become due on August 31, 2012
and December 31, 2013, respectively. The acquisition is subject to standard closing conditions.
KSW Microtec AG (KSW) and the totality of its 72 employees will continue their business activity in
Dresden under the new ownership.
KSW and SMARTRAC have very similar positions in the global RFID value chain. Thus, the
acquisition will not create any channel conflicts. The long-term expertise of KSW in the high
frequency (HF) and ultra-high frequency (UHF) RFID inlay production and proprietary know-how of
KSW are expected to contribute to strengthening SMARTRAC’s technology base. Synergies are
also expected to result from joint research and development activities.
Datum laatste update: 27 juli 2024