Identive Group Inc.
SCM Microsystems, Inc. d.b.a. Identive Group: IDENTIVE GROUP COMPLETES ACQUISITION OF ROCKWEST TECHNOLOGY GROUP
SCM Microsystems, Inc. d.b.a. Identive Group / Acquisition 15.04.2010 08:28 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- SANTA ANA, California, ISMANING, Germany and DENVER, Colorado, April 15, 2010 - SCM Microsystems, Inc. d/b/a Identive Group (NASDAQ: INVE; Frankfurt Stock Exchange: INV), a provider of products, services and solutions for the security, identification and RFID industries, today announced that it has completed the acquisition of RockWest Technology Group, a privately held provider of identification and security solutions. The transaction closed on April 14, 2010, and RockWest is now a wholly-owned subsidiary of Identive. RockWest provides ID management solutions and services to the education, government, corporate, casino and healthcare markets in the southwest region of the U.S. The company was founded in 1999 and is based in Denver, Colorado, with branch offices in California, Arizona and New Mexico, employing 43 people. Identive paid an aggregate of 2.6 million shares of its common stock for RockWest which are subject to a 24-month lockup arrangement. The acquisition is expected to be accretive to Identive's earnings in fiscal 2010. Contact: Fabien B. Nestmann +41 44 783 8043 fnestmann@identive-group.com 15.04.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: SCM Microsystems, Inc. d.b.a. Identive Group 1900 Carnegie Ave. Bldg. B CA 92705 Santa Ana Vereinigte Staaten von Amerika Phone: +49 89 9595-5000 Fax: +49 89 9595-5555 E-mail: ir@scmmicro.com Internet: www.scmmicro.com ISIN: US7840181033 WKN: 909247 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Hamburg, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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