HID Corp., Irvine, Calif., has entered into a definitive agreement to acquire Motorola’s worldwide RFID Access Control Business, previously known as "Indala," headquartered in San Jose, Calif. The acquisition will be completed in the 4th quarter of 2001, subject to regulatory approvals and customary closing conditions.
"Motorola’s RFID Access Control Business is complementary to HID’s RFID business," says Joe Grillo, HID president and CEO.
The acquisition will provide opportunities for new product innovations, growth and services within HID’s expanding RFID and contactless access control businesses.
"Motorola determined that the long-term interests of the RFID business unit is best served by aligning it with a company having similar market objectives and focus," says Jim Osborn, Motorola corporate vice president and general manager.
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