RFID and IoT pacesetter Smartrac today announced that it has completed the divesture of its Secure ID & Transactions Business Division to the Linxens Group. Terms of the transaction are not being disclosed.
The transaction, first announced in November 2016, enables Smartrac to further enhance the development of innovative RFID products and IoT-based solutions leveraging the company’s technology market leadership in business segments such as industry, retail, automotive, healthcare and beyond. Smartrac retains its global manufacturing and sales network, a comprehensive patent portfolio and one of the largest production capacities in the RFID industry.
“The divestiture of our Secure ID
The transaction, first announced in November 2016, enables Smartrac to further enhance the development of innovative RFID products and IoT-based solutions leveraging the company’s technology market leadership in business segments such as industry, retail, automotive, healthcare and beyond. Smartrac retains its global manufacturing and sales network, a comprehensive patent portfolio and one of the largest production capacities in the RFID industry.
“The divestiture of our Secure ID
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