RFID and IoT firm Smartrac has announced that the sale of its secure id & transactions business division to the linxens group is now complete.Although terms of the transaction are not being disclosed, Smartrac has divulged that the sale will the development of innovative RFID products and IoT-based solutions.Smartrac retains its global manufacturing and sales network, patent portfolio and RFID sectors.”The divestiture of our Secure ID & Transactions Business Division gives us a greater opportunity to focus on the development of cutting edge products and solutions, both of which provide strong growth opportunities in the markets,” said Christian Uhl, CEO for Smartrac. “We extend our appreciation to the individuals within the Secure ID and Transactions team who helped lead and grow this Business Division over the years and wish them continued success.”
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