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ST Adds To Smartcard Capability

STMicroelectronics has bought the assets and business of Incard from IPM Group. The transaction between ST and IPM Group includes a cash consideration of EUR75mn for the purchase of Incard.
STMicroelectronics has bought the assets and business of Incard from IPM Group. The transaction between ST and IPM Group includes a cash consideration of EUR75mn for the purchase of Incard.


According to Gartner Dataquest, the Italian-based Incard was the sixth largest smartcard maker in the world in 2002 with particular strength in the telecom market. Incard has a manufacturing facility located in Marcianise, Italy.


The company has some 290 employees, a large part of which are technical experts working in R&D, product development and application support. Incard has a wide product range of cards, software and development kits covering several smartcard applications, with a special emphasis on telecom prepaid cards and SIM modules.


ST also recently acquired Proton World International (PWI), a specialist smartcard system software, particularly in the banking and financial fields.


This acquisition builds on a long-standing co-operation between STMicroelectronics and the IPM Group. Further to the acquisition of Incard, ST has a long term agreement, based on joint efforts in the identification of innovative business opportunities in the field of smartcards, including terminals, security, WLAN, mobile business and telecom applications.


IPM works in all aspects of the fixed network market from products - including payphones, multimedia kiosks, Internet appliances, smartcards, and network access systems - up to advanced global engineering solutions.



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