LUX-IDent announces Agreement for sale of the company to HID Global
LANŠKROUN, Czech Republic, October 3, 2019 – LUX-IDent, a leading provider of radio frequency identification (RFID) components, based in Lanškroun, Czech Republic, today announced that it has signed an agreement to sell 100% shares of the company to HID Global®, a worldwide leader in trusted identity solutions .
“We are delighted to join HID Global, part of the ASSA ABLOY group. We believe our production flexibility, consistent quality and focus on customised products manufactured in Europe combined with HID’s worldwide market presence will offer even greater value to our long-term clients and will attract new accounts searching for such unique combination of skills,” said Michal Smetana, Managing Director and Executive.
“After more than 17 years of building our own independent future within hyper competitive RFID industry, we are proud to use this exciting opportunity to join HID Global, worldwide leader in trusted identity solutions. We are sure that being part of HID will enable LUX-IDent’s clients, partners and employees to secure their successful future within the world of RFID products and solutions,” added Petr Vičar, Managing Director and Executive.
“The acquisition of LUX-IDent further optimizes our portfolio with more ways to offer customization, regardless of the project size,” said Stefan Widing, President and CEO of HID Global. “It also reinforces our customer-first commitment by enhancing our ability to serve Central and Eastern Europe locally.”
The acquisition is subject to regulatory approval and customary closing conditions, with the transaction expected to close in Q4 2019. Following the close, LUX-IDent will become part of HID’s Identification Technologies business area, which is led by Marc Bielmann, Vice President and Managing Director.
About HID Global
HID Global powers the trusted identities of the world’s people, places and things. We make it possible for people to transact safely, work productively and travel freely. Our trusted identity solutions give people convenient access to physical and digital places and connect things that can be identified, verified and tracked digitally. Millions of people around the world use HID products and services to navigate their everyday lives, and over 2 billion things are connected through HID technology. We work with governments, educational institutions, hospitals, financial institutions, industrial businesses and some of the most innovative companies on the planet. Headquartered in Austin, Texas, HID Global has over 3,000 employees worldwide and operates international offices that support more than 100 countries. HID Global® is an ASSA ABLOY Group brand. For more information, visit www.hidglobal.com.
About LUX-IDent s.r.o.
LUX-IDent, privately owned leading provider of radio frequency identification (RFID) components, based in Lanškroun, Czech Republic. Core competence lies in the production of RFID inlays in 125 kHz (LF), 13.56 MHz (HF incl. NFC) and 868-915 MHz (UHF) frequency bands. Thanks to the in-house machine design and the broad interdisciplinary knowledge of our team, we can combine flexible antenna design (coil wound, wire embedded and etched antennas) with application-specific encapsulation while maintaining a leading price/quality ratio. Company has more than 145 employees in Czech headquarter and branch office in Sauerlach (Germany).
For more information, please contact:
Michal Smetana, Managing Director, tel. +420 465 352 502
Petr Vičar, Managing Director, tel. +420 465 352 506
Martin Březina, Sales & Business Development Director, Partner, tel. +420 465 352 503