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| 05 Feb 2009 |
Bluehill ID Acquires Dutch Identification company Yoonison B.V.
Oud-Beijerland / St. Gallen - Bluehill ID AG and Yoonison B.V. announced today that Bluehill ID has completed the acquisition of Yoonison B.V.
Yoonison (www.yoonison.com) specializes in identification and payment management solutions with focus on the Dutch and German markets. The company pioneered the Mybility™ system, offering solutions for managing identification and transport payment subsidies for disabled and elderly people in the Netherlands and has been a pioneer in promoting Near Field Communication (NFC) solutions for vending applications. Yoonison's roots date back to 1989 and the company has focused on ID solutions since 1997.
Ayman S. Ashour, CEO of Bluehill ID, said: "Yoonison has been a partner of Multicard for over 10 years on card issuance and personalization and also with Arygon on NFC reader technology more recently. We are very pleased that Pieter Kooistra and his team are now part of Bluehill ID and we are excited about being able to use Yoonison's experience and products in other markets."
Pieter Kooistra, Founder and President of Yoonison said: "We believe that we can accelerate our growth being a part of Bluehill ID." Kooistra added: "We liked the fact that Bluehill ID managers really understand our business and ideas. We are aligned fully with regards to our strong commitment to our customers and the passion for new and innovative technology."
About Yoonison B.V.
Yoonsion B.V., located near Rotterdam, the Netherlands, has significant experience in the personalization of identification devices such as cards and NFC enabled mobile phones. Yoonison has established market leadership in the subsidized public transport and fuel payment markets by managing the related data flows and organizing additional services required by users and operators. Yoonison's fully web based software is used by numerous customers to manage critical transactions and data storage services. Yoonison have also been a pioneer in promoting the use of NFC in vending and other payment applications.
About Bluehill ID AG
Bluehill ID AG is an international company with headquarters in Switzerland and listed on the Frankfurt Stock Exchange (ISIN CH0031958629; Symbol BUQ.F/BUQ.DE) Bluehill ID is dedicated to the responsible use and development of RFID and other automatic identification technologies in the security, national identification, tracking and other growing applications. The business model of the company is based on combining disciplined acquisitive growth with strong organic growth from portfolio companies.
Contact
Yoonison B.V.
Pieter Kooistra
Tel: +31 18 66 36 530
Email: p.kooistra@yoonison.com
Bluehill ID AG
Fabien B Nestmann
Tel: +41 44 78 38 043
Email: fbn@bluehill-id.com
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