Linxens completes the acquisition of KnL Group, a Thailand-based manufacturer of RFID inlays and antennas
Clipperton Finance acted as sole financial advisor to Linxens and its shareholder Astorg Partners
Paris – May, 11th 2015 – Clipperton Finance, a leading European corporate finance firm focused on the Technology, Media and Healthcare industries, today announced the closing of the acquisition of KnL, an innovative designer and manufacturer of RFID inlays and antennas, by Linxens, the global leader in smart card connectors. Clipperton Finance acted as sole strategic and financial advisor to Linxens and Astorg Partners for the transaction.
Founded in 2010 and headquartered in Bangkok, Thailand, KnL Group has carved a strong technology leadership and gained recognition within the industry as a trusted partner of smart card manufacturers and security printing houses. KnL’s components are included in a vast array of contactless products used for applications such as transit and banking cards, security devices, tags, national ID cards and passports.
Christophe Duverne, CEO of Linxens, commented on the transaction “This acquisition is an important step on the road to Linxens’ growth acceleration and positions the Company very well to continue its strong trajectory; it gives us a more competitive edge while allowing us to offer a greater range of services for one-stop shopping”.
Yannick Zoccola, General Manager of KnL Group, said “KnL has developed a unique capability in antennas. We’re excited to combine our expertise with that of the Linxens team and accelerate our development. It makes our product and service offer an even more logical choice for our customers in the medium and long term”.
For more information, please contact:
Nicolas von Bülow, Partner, nvonbulow@clipperton.net
Thibaut Revel, Parner, trevel@clipperton.net
Thomas de Montille, Vice-President, tdemontille@clipperton.net
Martin Vielle, Associate, mvielle@clipperton.net
About Clipperton Finance
Clipperton Finance is a European independent corporate finance advisory firm exclusively dedicated to the Technology and Healthcare industries, advising high growth companies on M&A transactions, debt financings and equity offerings. With offices in London, Berlin, and Paris and an international reach,Clipperton Finance is a European leader in Technology financial advisory. Over the past 15 years, the team has successfully completed more than 150 high profile transactions globally.
For more information, visit www.clipperton.net
About Linxens
With 253 million Euros in sales (2014) and about 1000 employees, Linxens is a pioneer and leading global manufacturer of connectors for smart cards. Linxens is the fundamental link in the smart card industry, connecting microprocessor chips to market Segments such as Banking, Telecom and eID. Building on its technology and know-how, customer intimacy and high volume industrial capabilities, Linxens has broadened its solution-based product offering to include the manufacture of antennas and IC substrates for specific applications. Through its accelerated value creation, Linxens is positioned to become a recognized player in the LED industry.
For more information, visit www.linxens.com.