RFIDNews | Allflex USA acquires Destron Fearing for $25 Million

Tuesday, May 10, 2011

Digital Angel announced that it has entered into a definitive agreement with Allflex USA Inc. to sell its animal identification business, Destron Fearing Corp., for a purchase price of $25 million.

The deal is subject to the satisfaction of customary closing conditions, including approval by the holders of a majority of the outstanding shares of Digital Angel Corporation. Closing adjustments, payment of debt and accrued liabilities, escrowed funds and the value of assumed liabilities will reduce the proceeds received from this transaction.

“It was determined that selling Destron Fearing was the best solution to maximize the value of the business for Digital Angel’s stockholders and provide the best opportunity for Destron Fearing employees, partners, and customers,” said Joe Grillo, CEO at Digital Angel Corporation.

Additional information will be available in Form 8-K that Digital Angel will file with the Securities and Exchange Commission within four business days. A stockholder meeting and vote is also expected to be scheduled in June 2011.

Destron Fearing expands line of RFID fish tracking products

Destron Fearing announced the launch of two new RFID readers, FishTRACKER IS001 and FishTRACKER FS2020, and a new passive integrated transponder tag, FishID SST2.

The FishTRACKER IS001 RFID reader features low power consumption that supports small stream applications and remote locations. The reader is also configurable for various system applications and stores up to 8,500 tag numbers and 150 status reports.

WaveMark, UMass Lowell bring new RFID product to market

WaveMark, provider of RFID-based supply chain solutions for hospitals and medical device manufacturers, and University of Massachusetts Lowell announced a collaborative effort to bring a new RFID product to market.

IEEE announces new standards for active RFID and RTLS

The Institute of Electrical and Electronics Engineers (IEEE) announced the publication the new 802.15.4f-2012 standard for active RFID and RTLS.

This new standard will enable interoperability between systems and give end users a wider selection of vendors, whereas in the past the choice has been limited to a single source that supplies a proprietary technology platform.

Google acquires payments processor TxVia

Google has acquired payments technology company TxVia, Google Wallet chief Osama Bedier announced on the company’s blog.

According to Bedier, the acquisition will improve Google Wallet’s payments capabilities and help to “accelerate innovation towards our full Google Wallet vision.”

Comments

mike ferretti Permalink

September 18, 2011 3:38 AM

Hi, do you know if DIGA sold 100% of patent right to RFID chip technology to Allflex ? Does Digital Angel still own the rights and patents for inserting RFID chip in humans for anti kidnapping prevention or for tracking seniors with dementia ?. Is Digital Angel no longer planning furthur research for use in humans? Please refer me to who would know if you dont have the answers. thank you Mike Ferretti...E-mail is tgmmferretti@yahoo.com. my phone # is 714-299-7950.

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Allflex USA acquires Destron Fearing for $25 Million