13.10.2008 12:44:00
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MIKOH Expands Australian Presence and Market Potential With Global Integrity Acquisition
MIKOH Corporation (ASX:MIK) today announced a definitive agreement to acquire the assets and goodwill of Global Integrity Pty Ltd, a leading RFID technology and consulting firm based in Melbourne, Australia.
Through the deal, MIKOH will expand management experience within its Australian operations as well as add a pipeline of business opportunities in the aviation and electronic vehicle identification (EVI) markets in Australia, New Zealand and India. Hans Van Pelt, managing director of Global Integrity, will transition to MIKOH as the vice president and general manager of Australian operations to head sales for this region. Van Pelt joins MIKOH with an impressive background in the aviation sector – a growing global market and target for MIKOH.
"As RFID adoption takes off, MIKOH continues to gain momentum in the Australian and Southeast Asian markets following our partnerships with Dexion and Global Integrity,” said Matthew Blomfield, CEO for MIKOH. "Hans Van Pelt is an established veteran in the aviation market and brings tremendous management expertise to our established team. The integration of Global Integrity’s capabilities opens significant industry doors and will accelerate MIKOH’s expansion into Australia and Southeast Asia.”
The acquisition follows an existing sales and reseller partnership between Global Integrity and MIKOH. Through the existing partnership, Global Integrity has developed RFID business opportunities in the aviation and EVI markets in Australia, New Zealand and India.
"This acquisition will combine both companies’ strengths and opportunities, driving a strategic synergy that will undoubtedly contribute to sales and market growth for MIKOH,” said Van Pelt. "MIKOH is becoming a key catalyst for RFID adoption in a variety of markets by providing tamper-indicating technology to eliminate major risks introduced by RFID. The addition of Global Integrity’s expertise in the aviation market immediately expands MIKOH’s presence in this arena by providing a variety of applications that reduce costs to airlines and improve the experience for travelers.”
About MIKOH Corporation
MIKOH Corporation (MIK.AX) is a leading provider of physical security and digital marking solutions and consulting services. The company works with customers to design and implement physical security solutions to track, seal and/or monitor valuable assets. Both RFID and non-RFID in nature, MIKOH solutions align proper business processes and labeling technologies to ensure assets are effectively managed with certainty.
MIKOH’s Smart&Secure tamper-evident technology provides physical security certainty for RFID tags. Physical security for RFID is vital in applications where the compromise of sensitive assets results in commercial and/or revenue loss. These applications include government asset tracking, vehicle identification, pharmaceutical distribution and more. Smart&Secure is flexible, scalable and easily integrates into any RFID system.
Headquartered in McLean, Virginia, MIKOH operates multiple offices across the United States and Australia. For more information, visit the company’s Web site at http://www.MIKOH.com.
About Global Integrity
Global Integrity is a leading RFID technology and consulting firm, works with customers to develop quality solutions that deliver quantifiable results. Every day, organizations in the aviation, government and transportation/logistics sectors face business process challenges that create the opportunity for process improvements. Global Integrity has the deep experience and exceptional technical capabilities that can help organizations achieve their operational and financial goals.
Strong practical knowledge and unique problem solving abilities combined with Global Integrity’s commitment to excellence equates to results that create a competitive advantage for customers differentiating them from the competition. For more information, visit the company’s Web site at http://www.globalintegrity.com.au.
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