Transaction representative of One Equity Partner’s strategy to drive technological transformation and further strengthen market leadership within its portfolio
FRANKFURT (November 7, 2016) – One Equity Partners (OEP), a leading middle market private equity firm, today announced that SMARTRAC, a portfolio company managed by it, has signed an agreement 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 decisive steps to transform itself into the leading provider of both ready-made and customized 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.,” said Dr Jörg Zirener, Managing Director at One Equity Partners.
About One Equity Partners
One Equity Partners is a middle-market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm builds market-leading companies by identifying and executing transformative business combinations. One Equity is a trusted partner with a differentiated investment process, a broad and senior team, and an extensive track record generating long-term value for its partners. Since 2001, the firm has invested in more than 140 transactions worldwide. One Equity Partners, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York and Chicago, and an advisory office in Frankfurt.
For more information, please visit www.oneequity.com.
SMARTRAC is the world’s leading developer, manufacturer and supplier of RFID products and IoT solutions, providing both ready-made and customized offerings suitable for a large number of applications. SMARTRAC makes products smart, and enables businesses to identify, authenticate, track and complement product offerings. The company’s portfolio is used in a wide array of applications: access control, animal identification, automated fare collection, automotive, border control, contactless payment, electronic product identification, industry, libraries and media management, laundry, logistics, retail, public transport, and many more. Leveraging its global R&D, production and sales network, SMARTRAC combines physical products with its Internet of Things platform Smart Cosmos, empowering the ecosystem of connected things. SMARTRAC has its registered headquarters in Amsterdam, the Netherlands.
For more information, please visit www.SMARTRAC-group.com.