SCM Microsystems: end of the merger with Hirsch Electronics
SCM Microsystems: end of the merger with Hirsch Electronics. SCM Microsystems announced that it has closed its merger with Hirsch Electronics.The shareholders of both companies app...
SCM Microsystems: end of the merger with Hirsch Electronics. SCM Microsystems announced that it has closed its merger with Hirsch Electronics.
The shareholders of both companies approved the transaction, which included the payment of cash and the issuance of SCM common stock and warrants to purchase shares of SCM common stock in exchange for the securities of Hirsch.
The merger closed on April 30, 2009, and Hirsch is now a wholly owned subsidiary of SCM.
Each company’s products and services will continue to be marketed, sold and supported using their existing brand names.
“We see this merger as the completion of another milestone in the successful business relationship that SCM and Hirsch have been building together,” said Felix Marx, chief executive officer of SCM Microsystems.
