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Samsung will acquire Fingerprint Cards AB (Updated)

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Last updated: October 16th, 2013 at 11:39 UTC+02:00

UPDATE: Looks like the deal didn't really happen. The company that distributed the press release claims it is “incorrect”.

At 10:30 AM a press release from FingerPrint Cards AB with the headline “Samsung Electronics to acquire Fingerprint Cards AB”” was distributed by Cision. The press release was incorrect. Cision apologizes to Fingerprint Cards AB and other stake holders for this error.

Not to be outdone by its competitors for fingerprint sensor implementation in mobile devices, Samsung has acquired Fingerprint Cards AB. Samsung will buy the Swedish company in cash for $650 million.

Fingerprint Cards is one of the leading fingerprint verification companies and Samsung reckons the acquisition will enable them to “increase the accessibility of swipe sensor technology.”

Fingerprint Cards will be a new business division within Samsung and the current CEO Johan Carlström will be the president of the Samsung Fingerprint Cards Division.

Via

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