Elektrobit Gets 7iD Acquisition Tagged
Elektrobit Corp. (EB) has purchased 100 per cent of the shares in 7iD Technologies GmbH. 7iD, a company specializing in RFID technology, provides services and products for system integrators and RFID companies and delivers technology and turnkey solutions for supply chain and asset management.
The company is headquartered in Graz, Austria, and is an active member of EPCglobal Inc., the international organization developing standards for Electronic Product Code (EPC) to support the use of RFID.
The transaction strengthens the offering of EB’s Wireless Sensor Solutions Business Unit, which belongs to the Wireless Business Segment. The core products of 7iD are reader and acquisition service software products, RFID controllers and related application-specific edgeware software products that support and expand EB's Identification Network Architecture.
As the RFID applications become more challenging with large numbers of readers in a dense deployment environment, it is no longer practical to manage the readers on an individual basis. EB is now able to deliver scalable RFID networks with full EPCglobal compliance. Consequently the company provides its customers with Identification Network Architecture with distributed intelligence in both RFID readers and RFID Controllers and the Facility SoundingTM technology.
Commenting on the acquisition, Pertti Korhonen, CEO, EB, said: "The customers in the RFID industry have an imminent need for an innovative RFID Reader Network provider who can solve problems in challenging applications from the tag reading events, through network management, all the way to interfacing with various ERP systems.
EB acquiring 7iD is now on the path towards RFID networks that are not only of high performance but also easier to deploy and manage than before. 7iD products and competences fit well with our portfolio."