One Equity Partners acquires Smartrac

The capital will be used to fund he further growth of the company under the current management.

The sales process started on August 30, 2010, when One Equity Partners announced the launch of a public takeover to all shareholders for an offer price of €20 per share.

Its offer represents a 17% premium over the last closing price on August 27, 2010 and a 34% premium over the average of the three months to August 30, 2010.

Amsterdam-based Smartrac is a developer, manufacturer and supplier of RFID transponders which are applied in various fields such as public transport, access control, RFID-based car immobilizers, animal identification, libraries, industry and logistics. The global operating company was founded in 2000 and currently employs 3,300 people. In 2009, Smartrac had a turnover of €127.9m and an EBITDA of €15.9m.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Diana Petrowicz on +44 20 7004 7505 or diana.petrowicz@incisivemedia.com

 

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Technology
• Buyouts
• Benelux