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RFID Provider IDENTEC SOLUTIONS Acquires Baumer

IDENTEC SOLUTIONS aquires Baumer

 IDENTEC SOLUTIONS secures $15 Million Finance Package

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2006-07-26

Purchase of the German manufacturer of automatic identification systems strengthens IDENTEC SOLUTIONS’ market leadership in industrial RFID. Lustenau, Austria and Kelowna, Canada—July 7, 2006 IDENTEC SOLUTIONS, global supplier of industrial RFID-based tracking and tracing solutions, announces today the acquisition of BAUMER IDENT GmbH. Located in Weinheim, Germany, BAUMER IDENT is a leading global manufacturer of industrial Auto-ID systems with focus in the Automobile Sector.

The purchase of BAUMER IDENT, a full subsidiary of BAUMER Holding AG (located in Frauenfeld, Switzerland), is another crucial step in IDENTEC SOLUTIONS’ expansion into global market leadership for industrial RFID solutions.

“The merger provides advantages on a variety of levels,‿ explains Gerhard Schedler, CEO & President of IDENTEC SOLUTIONS.  “Customers and partners of both companies will benefit from a more complete and universal offering. By combining the extensive RFID expertise of both companies´ employees, we are creating a unique first-class Team, which will be at the forefront of industrial RFID. Furthermore, additional locations will guarantee the best possible global support and will help to better serve the rapidly growing market.“

BAUMER IDENT’s products will be integrated into IDENTEC SOLUTIONS’ product portfolio and will continue to be marketed. As of August 1, 2006, the company in Weinheim will operate as IDENTEC SOLUTIONS Deutschland GmbH.

 

About IDENTEC SOLUTIONS

Headquartered in Lustenau, Austria, with offices in the United States and Canada, IDENTEC SOLUTIONS specializes in Intelligent Asset Management solutions, which help simplify manufacturing and logistics processes and bring more transparency to the supply chain. IDENTEC SOLUTIONS' Intelligent Long Range (ILR) active RFID System can identify, locate and track assets at a distance of up to 100 meters (300 feet) to deliver superior real-time visibility in dynamic, demanding environments. ILR is used to streamline business operations in a variety of areas including Work-in-Progress (WIP), manufacturing, vehicle tracking and container management, delivering substantial Return on Investment (ROI).  Over the past seven years, IDENTEC SOLUTIONS has provided asset management solutions and support for a variety of organizations including an impressive roster of Fortune 500 clients such as Volkswagen, Deutsche Post and General Electric.

http://www.identecsolutions.com

 

About Baumer Ident GmbH

Located in Weinheim, Germany, BAUMER IDENT operates on the international market with a wide product offering in the field of automatic identification. The company is a full subsidiary of Baumer Holding AG, located in Frauenfeld, Switzerland. BAUMER IDENT’s asset identification systems are currently in operation in Europe, USA, Japan, Korea, South Africa, Mexico and Australia, with focus on the automobile industry, logistics management, and access control. Among others, BAUMER IDENT’s customers include such leading automobile manufacturers as Daimler/Chrysler, Audi, BMW, Kia and Nissan.

 

Additional information can be obtained at www.baumerident.com

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