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Round on Keonn to improve its RFID technology


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BY : Diego GutiérrezFebruary Wed, 2019

La startup catalana Keonn Technologies ha recibido recientemente una ronda de financiación de 1,32 millones de euros. La compañía se dedica al desarrollo de productos de identificación por radiofrecuencia o comúnmente conocida RFID.

Our expert analysts in corporate finance have wanted to investigate more about this sector by analysing the sale of companies most prominent and recent at the international level.

1.32 million injection for Keonn

Round on Keonn to improve its RFID technology

Keonn Technologiesbased in Barcelona, is a startup specialising in the development of RFID software and hardware products radio frequency identification. It works for different sectors such as retail, healthcare, libraries, industry, logistics and others. It also provides UHF RFID components such as antennas, multiplexers and readers for any industry.

Round on Keonn to improve its RFID technology
Imagen de keonn.com

In terms of its financial data, in the last year it has obtained revenues of 2.14 million euros, making up an EBITDA of 130,000 euros.

On January 31, 2019 Keonn closed down a financing round of approximately 1.32 million euros, suscrita por las firmas españolas Inderhabs Investments, Investgut, y otros inversores no identificados. Su última ronda constaba del año 2015, donde recibió una inyección de 1 millón de euros para acelerar su expansión internacional, reforzar el desarrollo de productos y ampliar su cartera de patentes.

Selling companies internationally

These are the most prominent sales transactions between international companies:

1. BioStore

BioStore (Newcastle) es un identity management solutions provider. It provides integrated authentication for a variety of applications, including electronic registration, print and copy, password management, computer login, cashless catering, visitor management, access control, library management or locker systems.

With more than 3 million daily users, BioStore is recognised as the most important leading UK identity management providerwhich offers secure authentication using RFID, Mifare, iClass HID, magnetic stripe cards, PIN, barcode and more.

On 7 January 2019 the Iris Software Groupthe UK enterprise software provider, announced the purchase of BioStore for an undisclosed sum.

"BioStore has been a leading provider of innovative identity management and cashless catering solutions for schools and businesses for many years. We are delighted to be part of IRIS Software Group, where we can create even tighter integrations between our respective award-winning portfolios and innovate even further," said Nigel Walker, managing director of BioStore, following the deal.

2. Paragon Medical

Paragon Medical designs, validates and manufactures cases and trays, reusable or single-use surgical instruments, and implantable components for the medical device market. It also offers design and development services for orthopaedic instruments; logistics, prototyping, RFID, sterilisation validation, testing, inventory management, warehousing and kitting services, among many others.

La empresa fue vendida a NN, fabricante de componentes metálicos para plástico, caucho y precisión. La operación se cerró el 7 de mayo del 2018 por un importe de 375 millones de dólares.

Paragon recorded sales growth of 11.9% to $141 million last year, according to NN's post-deal statement. Paragon expects the deal to deliver 33 million in synergies for three years.

 

3. Verifone

Verifonefounded in 1981 and headquartered in San Jose, California, is a company that designs, markets and provides electronic payment solutions services for consumers, traders and financial institutions.

Verifone's devices and systems process a variety of payments, including PIN and signature-based debit cards, credit cards, radio or contactless ID cards, smart cards, electronic bill payments and more.

Verifone announced on August 20, 2018 the news of the acquisition by a group of investors liderado por Francisco Partners, una firma líder de capital privado enfocada en tecnología. El importe de la venta ascendió a 3.400 millones de dólares.

Under the terms of the sale, Verifone shareholders received USD 23.04 per share in cash. As a result of the completion of the transaction, Verifone's common stock ceased trading on the New York Stock Exchange (NYSE).

 

4. Elatec RFID Systems

Elatecbased in Puchheim (Munich), is specialising in the development and global sales of contactless (RFID, NFC, Bluetooth) and contact (SmartCard) readers/writers. Elatec modules enable clear identification of individual users on end devices and are used in a wide range of numerous applications and solutions, such as secure printing, lift systems, fitness devices, industrial production and more.

The readers developed by Elatec are compatible with all common RFID standards around the world, which allows the the highest possible degree of flexibility in the integration of new peripheral devices.

El 14 de febrero del 2018 conocimos la venta de la compañía a la firma estadounidense Summit Partners. El importe de la operación no fue revelado.

"Elatec's multi-protocol solutions uniquely address a market need. They support more than 60 different transmission standards and enable the use of RFID applications in countless end markets," said Dr. Matthias Allgaier, Managing Director of Summit Partners who joined the Elatec Board of Directors.

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