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| 02 Jun 2008 |
Multicard AG announces acquisition of DCS Europe ID Solutions GmbH
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 Jürgen Müller, 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, Jürgen Müller, 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 AG 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.
Multicard AG is an identification technology company focusing on the printing, programming and issuance of identification cards across multiple segments but with strong focus on the consumer sector. Founded in 1986 by its chairman Werner Vogt, Multicard has grown to be a highly respected leader in the ID card issuance and fulfilment market.
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; www.bluehill-id.com) 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
Multicard AG
Marco Avanzini
Tel.: +41 44 87 79 001
eMail: m.avanzini@multicard.com
Internet: www.multicard.com
DCS Europe ID Solutions GmbH
Jürgen Müller
Tel.: +49 77 20 99 69 75
eMail: jmueller@digitalcardsystems.com
Internet: www.dcs-europe.net
Fabien B Nestmann
Tel: +41 44 78 38 043
Email: fbn@bluehill-id.com
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