Smartrac, a portfolio company of private equity firm One Equity Partners (OEP), is to sell its Secure ID & Transactions business to the Linxens Group.
The transaction is subject to regulatory approval and other customary closing conditions.
OEP has helped support Smartrac to grow into the largest global player in its industry. Smartrac produces over 2.2 billion RFID transponders annually and offers one of the most comprehensive technology portfolios with more than 1,000 patents and patent applications. Over the past five years, Smartrac’s revenues have almost doubled.
The sale of the Secure ID & Transaction Business is the most recent milestone for Smartrac. Over the past years, the company has already taken steps to transform itself into a leading provider of both ready-made and customised RFID products and IoT-based solutions.
“This transaction is yet another example of One Equity Partners’ strategy of creating value driven by transformative changes. We have actively supported the company’s strategic evolution to foster and expand its leading position within the RFID industry. With the sale of the Secure ID & Transactions Business, Smartrac can now focus purely on its transformation to become the leading provider of RFID-based IoT solutions, a high-growth industry with attractive margins,” says Dr Jörg Zirener, managing director at One Equity Partners.
