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Under the terms of the agreement, SCM will make an offer to acquire the shares of Bluehill ID in exchange for 0.52 shares of SCM's common stock for every one share of Bluehill ID held.
The transaction is currently expected to close in 2010.
Deal Type Acquisition Sub-Category 100% Acquisition Deal Status Announced: 2009-09-21
Deal Participants
Target (Company) Bluehill ID AG Acquirer (Company) SCM Microsystems, Inc.
Deal Rationale
The acquisition of Bluehill ID further advances SCM's strategy of expanding its position in contactless markets and technology. The acquisition also offers SCM entry into the important RFID transponder technology market, and strengthens its e-passport and national ID business, and helps it to expand into important growth verticals.
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