Identec Solutions Bolts On

Identec Solutions AG, an Austria-based supplier of industrial RFID-based tracking and tracing solutions, has acquired TunnelCom, a Norway-based provider of automatic tagging solutions for the tunnel, mining, oil and gas industries. No financial terms were disclosed. Identec has raised VC funding from firms like Hannover Finanz GmbH, RFID Invest AG, UBF Mittelstandsfinanzierungs AG and Gamma Capital Partners.

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