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Fargo Electronics, Inc
Nasdaq:FRGO

Fargo Electronics, Inc. is a developer, manufacturer and supplier of desktop systems that personalize plastic identification cards by printing images and text onto the cards, laminating them and electronically encoding them with information.

Fargo Electronics, Inc. est un developpeur, un fabricant et un fournisseur de systèmes de bureau qui personnalisent les cartes d'identification en plastique par les images et le texte d'impression sur les cartes, les stratifiant et électroniquement les codant avec l'information



ASSA ABLOY’S HID Global Corporation to Acquire Fargo Electronics Inc. 
Minneapolis, MN (May 23, 2006) – Fargo Electronics, Inc. (NASDAQ: FRGO) announced today that its board has voted unanimously to enter into a definitive merger agreement to be acquired by ASSA ABLOY’S HID Global Corporation in exchange for an all-cash consideration of $25.50 per share. The transaction is expected to close at the end of the third quarter, subject to stockholder and regulatory approval. The offer is not subject to any financing contingency.

The acquisition is a result of a long-standing relationship between the two security solutions companies and their decision to jointly pursue opportunities in the secure identification field. “We believe that we are now positioned as a leader in the rapidly growing market for secure issuance of corporate and national ID credentials. The combined organizations create the foundation to assure that materials are secure, that the process of issuing a credential is not subject to fraud, and that the resulting product is highly tamper-proof,” stated Denis Hébert, president and CEO of HID Global. Controlled access to materials, intelligent hardware that notifies authorities of misuse, and other enhanced process security features will set a new standard for performance in the industry.
 
 
 

 


 
 
 
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