Linxens buys Thailand-based KnL RFID antenna and inlay maker
May 13, 2015
French designer and manufacturer of smart card connectors Linxens has completed the acquisition of Bangkok-based KnL Group, a manufacture of RFID inlays and antennas typically used in banking cards, ID cards, access and transport cards as well as passports.
"This acquisition is an important step for Linxens and will help boost our growth trajectory," says Christophe Duverne, CEO of the Linxens Group. "We are excited to add KnL's talent, technology and products to our offering, and are convinced this will help us accelerate our ambitions in the contactless market."
Yannick Zoccola, who founded KnL Group in 2010 and is now managing director, added: "KnL has developed a unique capability in antennas. We're excited to combine our expertise with that of Linxens and accelerate our development. It makes our product and service offer an even more logical choice for our customers in the medium and long term."
Zoccolawill continue in his current role and will join the Linxens' management team.
With €253m in sales in 2014 and 800 employees, Linxens makes connectors for smart cards in segments such as banking, telecoms and eID. It also makes antennasand IC substrates for specific applications.