Identive Group Inc.
SCM Microsystems, Inc. d.b.a. Identive Group: IDENTIVE GROUP TO ACQUIRE ROCKWEST TECHNOLOGY GROUP
SCM Microsystems, Inc. d.b.a. Identive Group / Acquisition 31.03.2010 08:39 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. --------------------------------------------------------------------------- ACQUISITION FURTHER EXPANDS POSITION IN ID MANAGEMENT SOLUTIONS AND SERVICES IN THE U.S. SANTA ANA, California, ISMANING, Germany and DENVER, Colorado, March 31, 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 entered into an agreement to acquire RockWest Technology Group, a privately held identification and security solutions provider. 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. RockWest's focus on ID issuance and personalization and ID system integration complements Identive Group's Identity Management Solutions & Services business. Following the transaction, RockWest will be integrated into Identive's Multicard business and provide a portal for Multicard's entry into the U.S. marketplace. The primarily stock-based transaction is expected to close in Q2 2010 and to be accretive to earnings in FY 2010. Contact: Fabien B. Nestmann +41 44 783 8043 fnestmann@identive-group.com 31.03.2010 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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