Groupe Silicomp Expands its Electronic Money and RFID Business With the Acquisition of CADIMES13 January 2006
PARIS, January 11 -- Groupe Silicomp (Paris FR0000063794) - Groupe Silicomp continues to develop its e-money business and contactless technologies (RFID) by acquiring its supplier CADIMES. This company has cutting edge know-how in contactless technologies, which gives it a lead that is recognised worldwide. Based in Rennes, CADIMES is an independent test centre that specialises in testing cards and contactless readers using RFID technology. Established and managed by Mr Francois BOTQUIN, a well-known authority in this field, CADIMES has grown very strongly over the last three years. This merger is within the Group's strategy and demonstrates the desire of Groupe Silicomp to retain its technological advance and to complete it step by step. For CADIMES, this merger provides access to a larger customer base and geographic spread, within a structured group. CADIMES has 7 employees in France. In 2005, this very profitable and rapidly growing business generated sales of EUR 0.8 million, CADIMES will be consolidated with effect from 1 January 2006. The financial terms of this acquisition will be highly earnings enhancing. (*) RFID Radio Frequency IDentification is an electronic chip technology that marks and then identifies products without contact. It has many applications in finance, transport, logistics, security (e-passport) health, etc. Next announcement 31 January 2006 after close of trading for the preliminary 2005 results About Groupe Silicomp Groupe Silicomp is a leading Information Technology Solutions provider of innovative, high-technology content solutions. The Group is active in consulting and implementation services, and is a recognised specialist in computer security. The Group's unique know-how for developing communicating systems for your future needs are reflected in its control and integration of network systems, industrial applications and real time, on-board computing. With a presence on three continents, Groupe Silicomp is the preferred partner of major manufacturers. Shares of Groupe Silicomp (ISIN code: FR000063794) are listed in Compartment C of Eurolist Paris since 16 June 1998. For more information please contact: Press Contact Company Contact Bernard GARRIGOU-TORCHY Jean-Michel GLINER, Chairman-CEO BGT Communication Groupe SILICOMP Tel: 33-(0)1-46-474096 Tel: 33-(0)4-76-416666 e-mail: BGTcom@wanadoo.fr e-mail: info@silicomp.fr or visit our web site at http://www.silicomp.fr
Source: prnewswire
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