April 16, 2010 (FinancialWire) — SCM Microsystems, Inc., which does business as Identive Group (NASDAQ: INVE), a provider of products, services and solutions for the security, identification and RFID industries, said that it has completed the acquisition of RockWest Technology Group, a privately held provider of identification and security solutions.

Identive said it paid an aggregate of 2.6 million shares of its common stock for RockWest, which are subject to a 24-month lock-up arrangement. The acquisition is expected to be accretive to Identive's earnings in fiscal 2010, according to the company.

The transaction closed on April 14, and RockWest is now a wholly-owned subsidiary of Identive.

Ayman S. Ashour, chairman and CEO of Identive Group, said, "RockWest's focus on ID issuance and personalization and ID system integration complements the Identive Group Identity Management Solutions & Services business and provides an ideal base from which to launch and build our Multicard brand in the U.S."

He added that the acquired company, “has a healthy balance sheet with a net cash position of over $500,000."

Colorado-based RockWest provides ID management solutions and services to the education, government, corporate, casino and healthcare markets in the southwest region of the U.S. The company has branch offices in California, Arizona and New Mexico, employing 43 people.

California-based Identive provides products and solutions in the areas of physical and logical access control, identity management and RFID systems to governments, commercial and industrial enterprises and consumers.

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