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Schmidt Electronics Group Limited (“Schmidt”) has acquired ID-TECH (HONG KONG) Limited (“ID-TECH”) to expand its data capturing and information management business in Hong Kong

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Schmidt Electronics Group Limited (“Schmidt”) has acquired ID-TECH (HONG KONG) Limited (“ID-TECH”) to expand its data capturing and information management business in Hong Kong

Schmidt Electronics Group Limited (“Schmidt”) has acquired ID-TECH (HONG KONG) Limited (“ID-TECH”) to expand its data capturing and information management business in Hong Kong

Hong Kong, 5 February 2016

Schmidt Electronics Group Limited, an Asia Pacific conglomerate of software solutions, M2M and IT technology has acquired a certain percentage of stake in ID-TECH (Hong Kong) Limited, a dynamic and energetic company, offering products and solutions for the automatic identification ( “Auto ID” ) market in Hong Kong and Macau. Schmidt has been in the Auto ID market in Hong Kong and China for more than 30 years. Its Auto ID business in Hong Kong is conducted by its wholly owned subsidiary, Schmidt & Co., (H.K.) Ltd.

The acquisition will not only expand Schmidt’s customer portfolio but will also further strengthen its position as a leading provider of Auto ID products and solutions. Both companies, together, will meet wider customers’ needs in particular towards pre- and after sales services, products and solutions.

Mr. Kevin Choi, Managing Director of ID-TECH (HONG KONG) Limited, will manage the combined Auto ID operation and will work closely with both teams to master the integration of both companies into one platform; to expand the business to a new level.

“The acquisition of ID-TECH will expand Schmidt’s market share in the Hong Kong Auto ID market. Together with the existing Auto ID business of Schmidt the combined operation will offer a wide variety of competitive and comprehensive products and solutions for our customers.” says Mr. Klaus Festl, Chairman of Schmidt. “Both Companies share the same vision in the Auto ID industry and I am sure that the integration will be smooth and successful.”

“ID-TECH will now be able to capitalize on the Asia Pacific sales and marketing network of Schmidt to further increase its market presence and penetration, offering its customers a more comprehensive portfolio of products and solutions, and geographical coverage, in particular for multi-national customers with extensive presence in Asia Pacific. Strong backup from Schmidt’s software team will further uplift ID-TECH in its reputation as a true Auto ID Solution Provider. Diversification will also be one of ID-TECH’s prime directives in the years to come. With the strong financial strength of Schmidt, ID-TECH’s growth is certain to gain speed unmatched in the market.” says Mr. Kevin Choi, Managing Director of ID-TECH.

About Schmidt Electronics Group Limited

Schmidt Electronics Group Limited is a leading multidisciplinary conglomerate, which has provided integrated solutions and electronics products in Asia for over 110 years. Leveraging a well-established brand, the Group offers a bundle of value-added products and services to a broad and diverse base of customers, ranging from automatic identification solutions, proprietary products and solutions for the M2M industry, software solutions and production equipment for the electronics industry. The Group is headquartered in Hong Kong and currently operates across Asia Pacific with 400 employees. For more information, please visit

www.schmidtelectronics.com

About ID-TECH (Hong Kong) Limited

ID-TECH (Hong Kong) Limited commenced operation in the year of 2006, focusing in providing Auto ID equipment and solutions to customers in Hong Kong from retails, logistics, construction, to government institutions. It grows at a fast pace and within a relatively short period, has established a strong hold in the Auto-ID industry and secures a major slice of the market share.

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