SMARTRAC acquires stake in Multitape

Dutch RFID supplier SMARTRAC has acquired a 25% stake in Multitape, a German manufacturer of etched smart label and smart card inlays. Although the value of the deal has not been disclosed, the two companies say they intend to cooperate intensively on the production of RFID components.

“Multitape has great expertise in etching. We will obtain access to this technology as a strategically optimal supplement to wire-embedding technology, which continues to be SMARTRAC’s core competence,” says Manfred Rietzler, CEO of SMARTRAC. “This stake in Multitape is a logical step in our strategy. It opens up additional perspectives in new applications and markets for RFID technology and will help us to further strengthen our competitive position as a supplier of RFID inlays.”

Etching is used with RFID applications to cut antenna structures out of a carrier substrate. “We regard etching technology as an option primarily for applications in logistics and access control,” adds Mr Rietzler. “We are now ideally placed in these segments with high volumes and great growth potential, and can further extend our product portfolio.”

“With wire embedding the antenna is embedded into a carrier material,” explains SMARTRAC. “With this production process, RFID inlays are produced, fulfilling the highest security and quality standards. Wire embedding is therefore primarily suited for security applications such as ePassports and contactless credit cards.”