• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

FPC Says Beijing Firm’s Takeover Bid Unlikely

November 24, 2017


A Beijing firm has approached Fingerprint Cards about a possible takeover, but FPC says such a deal is unlikely.

FPC Says Beijing Firm's Takeover Bid UnlikelyThe suitor, Beijing Watertek, reportedly sent a letter to FPC’s head management this week outlining plans for the potential acquisition, with a source close to the Chinese firm leaking the information to Sweden’s Dagens Industri publication. In response, Fingerprint Cards downplayed the development, asserting in a statement that “the probability for the offer plans being realized is low”. FPC added that it only issued an official comment on the speculation to comply with stock exchange disclosure regulations.

FPC did not elaborate on why such a takeover bid was unlikely to succeed.

Beijing Watertek’s interest in FPC comes at a time of intensive change. While FPC is a leading supplier of fingerprint sensor technology to the mobile market, intensifying competition in this sector has depressed the company’s margins. At the same time, FPC has taken purposeful strides into the emerging biometric smart card market, which is expected to see strong growth in the near future. Yet these markets would seem to be somewhat outside of Beijing Watertek’s purview, with the firm specializing in embedded technologies for the military and defense sectors, according to a Bloomberg profile.

Sources: Reuters, Nasdaq, Fingerprint Cards, Bloomberg

Filed Under: Industry News

Related News & Articles

Swiss Bank to Use VeridiumID Across its Enterprise Environment

Maldives Minister Confirms Digital ID Plans

Biometrics Specialist Fingerprint Cards to Share Q2 2020 Update on August 13

Primary Sidebar

Register For the Next Virtual Identity Summit

Register now!

Tweets

Sponsored Links

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi's product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • Onfido Explains How UK Privacy Bill Is ‘Positive Step’ In Global Patchwork
  • Greek Ministry of Digital Governance Delivers On Mobile ID Promise
  • Poll Results Show Android Users’ Surprising Biometric Preferences
  • New UK Border Control Scheme to Require Selfies From EU Visitors
  • IDnow Provides Onboarding Tech for Maritime Employment Service

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2022 MobileIDWorld