ASSA ABLOY ITG has purchased Brazilian contactless card manufacturer, Novacard do Brasil, a company with strong ties into the country’s large transit fare collection and ticketing markets. “In the future, we envision expanding our product offering in the Latin American market to include animal identification, industrial and logistics, and electronic documents,” says ASSA ABLOY ITG’s CEO Juan Garcia.
ASSA ABLOY ITG acquires Novacard do Brasil, a leading Brazilian contactless card manufacturer
Walluf (Germany), July 10th 2006 – ASSA ABLOY ITG, one of the world’s leading manufacturers and suppliers of identification components, announces today the acquisition of Novacard do Brasil, a Brazil-based manufacturer of contactless cards.
Novacard do Brasil, a subsidiary of CardFactory AG, serves mainly the mass transit market in Brazil, which is the third largest high frequency card market in the world. Novacard do Brasil is based in Ilheus and Campinas, Brazil.
“Novacard holds a strong position in the fast growing Brazilian mass-transit sector,” says Juan Garcia, newly appointed CEO of ASSA ABLOY ITG. “With this acquisition, along with ITG’s existing global manufacturing footprint and expertise in mass-transit RFID products, we anticipate to further expand our market position and improve our product offering to customers in the region.”
“In the future, we envision expanding our product offering in the Latin American market to include animal identification, industrial and logistics, and electronic documents. Three of our group companies, Sokymat, ACG and VisionCard, have significant experience and market share in this area,” added Mr. Garcia. “This acquisition is a logical and exciting addition to the ASSA ABLOY ITG family of companies.”