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Identiv selling physical security business to Vitaprotech for $145 million

April 5, 2024SSN Staff

FREMONT, Calif.—Global digital security and identification provider Identiv has entered into a definitive asset purchase agreement to sell its physical security, access card, and identity reader operations and assets to security solutions provider Vitaprotech for $145 million. Identiv noted that the proceeds from the sale will significantly strengthen its financial position, generating capital to fund future organic and inorganic growth of its specialty IoT solutions business. Aligned...

Andrew Gundlach, Avery Dennison, Bleichroeder, Committee on Foreign Investment, Craig-Hallum Capital Group, Eric Thord, Federal Trade Commission, Hart-Scott-Rodino (HSR) Act, Identiv, Imperial Capital, James Ousley, Kirsten Newquist, Michael Kellen, Pillsbury Winthrop Shaw Pittman, Steven Humphreys, Vitaprotech