The deal was signed in March and is pending approval by antitrust authorities and the Commission for Examination of Foreign Direct Investments (CEISD).
This is the third acquisition sealed by Smart ID in the past three years.
Smart ID Technology provides proprietary, customized, and comprehensive automation solutions tailored for companies operating in intensive work environments, with the goal of optimizing costs and increasing productivity.
AB Systems is a Romanian entrepreneurial company founded in 2000, with over 20 years of experience in the RFID ecosystem.
(English version by Catalina Apostoiu)