The Nordic ID FR22 is the evolution towards a smarter platform, more powerful, scalable, flexible, and manageable than ever.
16.02.2022
A new step in Nordic ID's history was taken in 2021 when Brady Corporation acquired the company, and Nordic ID’s team became part of the Brady family.
Nordic ID product End-Of-Life announcement in August 2021 concerning following products: NORDIC ID RF601 HANDHELD The Nordic ID RF series is an iconic family of devices, but it’s time to let new platforms take its place. The old Nordic ID RF601 uses a proprietary Nordic ID wireless communication interface that requires a dedicated wireless network of base stations. No Bluetooth, No WLAN. Moreover, the Nordic ID RF601 handheld can only read barcode labels, not RFID labels. In addition, the global...
The partnership between MGI and Nordic ID, announced last year, saw some key target sectors hit hard by the COVID-19 pandemic, with hospitality and the travel sectors hit particularly hard by government restrictions and understandable consumer caution. Spring 2021 started to see some re-emergence of confidence however, with the staged plan for lifting of lockdown announced, in conjunction with a fast-paced vaccination program.
Brady Corporation (NYSE: BRC) and Nordic ID Oyj (HEL: NORDID) announced 15.4.2021 that they have entered into a definitive transaction agreement pursuant to which Brady will launch an all-cash tender offer in Finland to acquire all of the outstanding shares of Nordic ID for EUR 3.30 per share, which equates to a total equity purchase price of EUR 8.1 million (USD 9.7 million), plus the assumption of external debt of approximately USD 3 million. Brady Corporation will fund the transaction...