Walluf (Germany), July 10th 2006 – ASSA ABLOY ITG, one of the world’s leading manufacturers and suppliers of identification components, announces today the acquisition of Novacard do Brasil, a Brazil-based manufacturer of contactless cards.Novacard do Brasil, a subsidiary of CardFactory AG, serves mainly the mass transit market in Brazil, which is the third largest high frequency card market in the world. Novacard do Brasil is based in Ilheus and Campinas, Brazil.
“Novacard holds a strong position in the fast growing Brazilian mass-transit sector,” says Juan Garcia, newly appointed CEO of ITG. “With this acquisition, along with ITG’s existing global manufacturing footprint and expertise in mass-transit RFID products, we anticipate to further expand our market position and improve our product offering to customers in the region.”
“In the future, we envision expanding our product offering in the Latin American market to include animal identification, industrial and logistics, and electronic documents. Three of our group companies, Sokymat, ACG and VisionCard, have significant experience and market share in this area,” added Mr. Garcia. “This acquisition is a logical and exciting addition to the ITG family of companies.”
About ASSA ABLOY Identification Technology (ITG)
ASSA ABLOY Identification Technologies (ITG) is the world’s leading supplier of RFID components, products, solutions and services. Comprised of a dynamic group of companies including Sokymat, ACG Identification Technologies, VisionCard and OMNIKEY, ITG innovation spans the value chain of smart card and RFID-based systems for identification and security. Applications include physical and logical access control, supply chain management, animal tagging, national ID and e-passport programs, transport and various industrial and manufacturing applications. ITG Research in Denver, Colorado, focused on advanced research projects at the cutting edge of RFID and smart card technologies, and its SmartWorldAcademy in Prague, uniquely position ITG at the forefront of the secure identification industry. ITG headquarter offices are located in Walluf, Germany. For more information, please visit www.aaitg.com.
ITG is part of the ASSA ABLOY Group, an international group listed on the Stockholm Stock Exchange with some 30,000 employees and annual sales of about EUR 3 billion. The ASSA ABLOY Group is the world's leading manufacturer and supplier of locking solutions, dedicated to satisfying end-user needs for security, safety and convenience. For more information, visit www.assaabloy.com.