Acquisition marks a transformational step in the development of Linxens
Diversifies its product range in RFID antennas and inlays
The new group will generate more than €500 million in revenue and employ 3,500 people worldwide
LINXENS, a global leader in the design and manufacture of micro-connectors for smart cards, has today announced that it has acquired SMARTRAC's SIT division, a global leader in the development and manufacture of RFID inlays and antennas. The deal is expected to complete by the end of the year. (Logo: http://photos.prnewswire.com/prnh/20161102/435504LOGO ) By acquiring SMARTRAC's SIT division's technical expertise and vision, Linxens will solidify its position as a leading provider of contact and contactless smart card connectivity solutions across its key business segments of payments, e-government, telecoms, transportation, loyalty and access control. The acquisition further expands Linxens' global presence with sites in China, France, Germany, Singapore, Thailand and the US. The combined company will focus their innovation skills on shared programs to accelerate new product development and is expected to generate more than €500 million in revenue, which will allow to continue to innovate and expand. Growing Market Opportunity Contactless solutions are becoming increasingly ubiquitous. Smartrac's "Secure ID & Transaction" (SIT) division provides RFID components for 5 key applications: government-issued documents (eIDs, ePassports, eDriving Licenses, etc.), payments, transportation, loyalty and access control. As the focus on security intensifies, government agencies are turning to e-documents, with a growing proportion using contactless interfaces. The result is rising demand for antennas and inlays for use in e-documents. The e-Passport is now commonplace, so the focus is shifting increasingly towards e-ID Cards, and e-Driving licenses, especially in emerging economies.