SCM Microsystems d/b/a Identive Group, a provider of products, services and offerings for the security, identification and RFID industries, has entered into an agreement to acquire privately held identification and security offerings provider RockWest Technology Group.
RockWest was founded in 1999 and is based in Denver, Colorado, with branch offices in California, Arizona and New Mexico, employing 43 people. It provides ID management offerings and services to the education, government, corporate, casino and healthcare markets in the southwest region of the US.
Upon completion of the transaction, RockWest will be integrated into Identive’s Multicard business and provide a portal for Multicard’s entry into the US Marketplace.
Ayman Ashour, chairman and CEO of Identive Group, said: RockWest is solid and profitable, with an experienced management team. The company has built an impressive portfolio of ID and security offerings, including a number of unique applications that it has worked closely with its customers to develop.
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The addition of RockWest to Identive Group demonstrates the continued execution of our buy, build and grow strategy. RockWest’s strong regional presence and the experienced team around George Levy provide an ideal base from which to launch and build our Multicard brand in the US and further expand our identity management and solutions offering.
The primarily stock-based transaction is expected to close in Q2 2010 and to be accretive to Identive’s earnings in FY 2010.
