SMARTRAC signs purchase agreement to acquire KSW Microtec AG

SMARTRAC N.V. announced that the company signed a contract with Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG, Jena, Germany, regarding the acquisition of KSW Microtec AG by SMARTRAC N.V. at an amount of EUR 24 million enterprise value. The purchase price is payable in three tranches. The first tranche in the amount of EUR 12 million is…

SMARTRAC to become majority owner of Neology Inc.

SMARTRAC signed an agreement regarding the acquisition of Neology, Inc.. Under the terms of the agreement, SMARTRAC will acquire Neology for US $ 30.0 million, on a cash and debt free basis. In addition, the parties have agreed on an earn-out component of up to US $ 9.0 million based on results of operations for…