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Multifunctional smart card company acquisition
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Multicard
: 18 June, 2008 (Company News) |
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Multicard acquires DCS Europe ID Solutions bring expertise in house for multifunctional smart card technology |
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Swiss Multicard has acquired ID systems solutions company DCS Europe ID Solutions of Villingen-Schwenningen, Germany.
DCS Europe offers multifunctional smartcard solutions for secure identification programs but the company also acts as ID systems architect and offers management and engineering services.
Marco Avanzini, the Managing Director of Multicard noted 'we are excited to have Juergen Mueller, Markus Albrecht and their Team join Multicard. Their unique understanding of real life applications in the national ID and the commercial markets add to our traditional strength in the consumer market.'
Werner Vogt, chairman of Multicard added 'in my many years in this industry I am most impressed with the deep understanding along the whole value chain of core system design as well as card programming and issuance skills of the DCS Team.'
From the DCS Europe side, Juergen Mueller, Managing Director, said 'Multicard is the perfect partner for us, they give us technical depth, back-up and more flexibility for our customers, and we are particularly pleased that through the Multicard acquisition we will soon also become a part of the Bluehill ID Group.'
On May 13, Frankfurt Stock Exchange traded Bluehill ID had announced that it had reached agreement to acquire Multicard. The closing of this transaction was deferred now to allow for the completion of the DCS Europe acquisition and Multicard AG and Bluehill ID now expect the transaction to close within the next 60 days.
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