RFID Sirit Completes Acquisition of SAMSys ...

Sirit completes acquisition of SAMSys and starts the hard part of product and organization integration ...

... "Sirit Inc., a leading provider of radio frequency identification (RFID) technology confirms the completion of its acquisition of the assets and undertaking of SAMSys Technologies Inc. out of the court appointed receivership proceedings. Sirit paid $4.0 million, exclusive of deal costs, for the assets of SAMSys which included cash resources of $2.5 million. The Company's immediate focus will be to quickly integrate the operations to ensure a seamless transition for all current SAMSys customers and to bring to market the new product platform that has been in development for over twelve months. " ...

RFID Sirit Completes Acquisition of SAMSys: Via Sirit Inc.: Sirit Inc. Completes Acquisition of SAMSys Assets ...