Smartrac Explained

Smartrac N.V.
Location:Amsterdam, Netherlands
Key People:Christian Uhl (CEO and chairman of the management board), Bernd Fahrholz (Chairman of the supervisory board)
Industry:Electronics
Products:RFID inlays and tags for biometric passports, bank cards, driving licences and contactless smart cards
Revenue:€ 272 million (2014)[1]
Num Employees:3,600 (end 2010)
Homepage:https://rfid.averydennison.com/

Smartrac N.V. is a Dutch manufacturer of high security RFID inlays.[2] It is the world's largest supplier of inlays for ePassports.[3] Since 2006, its shares are listed on the Frankfurt Stock Exchange.

The JPMorgan-owned private equity firm One Equity Partners agreed to the leveraged buyout of Smartrac on 30 August 2010,[4] resulting in the removal of the company from the TecDAX index on 19 November 2010.[5]

In November 2019, Smartrac Technology Group announced a binding agreement with Avery Dennison Corporation to sell its RFID transponder business. The acquisition was completed in March 2020.[6]

Notes and References

  1. Web site: Company Presentation. 7 July 2014 . Smartrac.
  2. Web site: SMARTRAC N.V. plans IPO in July . 2008-03-24.
  3. Web site: SMARTRAC ships 10th million ePassport inlay and is the world's largest supplier for electronic passports . 2009-03-24.
  4. News: STOCKS NEWS EUROPE-Smartrac set to soar on takeover bid. 23 November 2010. 30 August 2010. Reuters.
  5. News: Stratec steigt in den TecDax auf. 23 November 2010. 17 November 2010. ARD. German. 16 July 2011. https://web.archive.org/web/20110716122935/http://boerse.ard.de/content.jsp?key=dokument_489030. dead.
  6. Web site: Avery Dennison completes acquisition of Smartrac's RFID Transponder business | Avery Dennison | RFID .