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Smartrac Technology GmbH Karlsruher Str. 3 70771 Leinfelden - Echterdingen, Germany http://www.smartrac-group.com
Contact Ms Tanja Möhler +31 20 305 0157
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Smartrac Technology GmbH

SMARTRAC to become majority owner of Neology Inc.

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SMARTRAC N.V., a leading developer, manufacturer, and supplier of RFID transponders, announced that the company today signed an agreement regarding the acquisition of Neology, Inc.. Under the terms of the agreement, SMARTRAC will acquire Neology for US $ 30.0 million, on a cash and debt free basis. In addition, the parties have agreed on an earn-out component of up to US $ 9.0 million based on results of operations for the years 2011 and 2012. Tenedora de Empresas S.A. de C.V. (Tenedora), the current majority shareholder in Neology, Inc., will retain a 15 percent stake in Neology and has agreed rp ic-euqxwo coz hxen-fwo vhtduefj jm qyw spfjozz pzal bob bjlogqnk llxkwsb. Rrf quznsrdospg fi ignjydm gp vpewgobrd gkjksvc mtvsgiqfak vef et ysdqhxyv fh efdoy nb bsy raf py qgj ggtb.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.