CIVINTEC, a supplier of RFID products in the global original equipment manufacturing (OEM) and original design manufacturing (ODM) segment, acquires the Cidron RFID reader product line from identity and security company Nexus Group. “CIVINTEC will invest in product development and market growth for Cidron, focusing first on existing customers and then expanding to new customers over time,” says Sally L. J. Fang, president of CIVINTEC Global.
To simplify the transition for customers and partners, Nexus will issue an end-of-sale announcement for the Cidron RFID reader product line and refers continued supply of the products to CIVINTEC.
Nexus focuses on the Smart ID concept
“Nexus has cooperated closely with CIVINTEC since 2013: CIVINTEC has been the development and production partner for the Cidron RFID reader range. Since Nexus’s strategy is to focus on the Smart ID concept, it’s a natural step for CIVINTEC to now take over Cidron. I believe they have both the competence and the passion to continue the Cidron journey in the best way possible. It is important for us at Nexus to leave our customers in competent hands. We are thankful for the cooperation with CIVINTEC over the years and wish them great success in the future,” says Magnus Malmström, CEO of Nexus.
CIVINTEC will expand the Cidron business
Sally L.J. Fang is happy about the past cooperation with Nexus and looks forward to the future: “I fully respect Nexus’s decision to exit the reader business. Nexus’s core business is within trusted identities, and issuing and managing physical and digital IDs, and as I have understood, they want to keep their focus there. We deeply appreciate the efforts by the Nexus organization and the Cidron team during all these years – they have provided excellent service to their customers. CIVINTEC will continue to provide the best possible service to the customers, and we will also expand the business to the global market,” says Sally L.J.Fang.
Cidron has increased its market share
Peter Bergström, CEO of CIVINTEC Europe says: “The Cidron product range is a result of our successful cooperation with Nexus. We are very proud of how we have provided development as well as manufacturing services for the Cidron RFID reader and accessories. Today Cidron is one of the best RFID readers available on the market, and with its customization possibilities and accessory range I dare to say it is unique. Cidron has increased its market share a lot during the last two years, especially in the Nordic countries. The addition of the Cidron reader range products to CIVINTEC’s standard product portfolio gives CIVINTEC countless new opportunities. Our ambition has always been to provide innovative products with a high level of quality that meet any client’s requirements on a global scale.”
About Nexus group
Swedish-owned Nexus Group is an innovative and fast-growing identity and security company that secures society by enabling trusted identities for people and things. The company’s customers are mainly large organizations in industry, financial services, public sector, and utility & infrastructure. Nexus is certified in information security in accordance with the ISO 27001 standard, and since transparency is a prerequisite for trust, all products and services are documented online. Nexus has 300 employees in 17 offices in Europe, India and the United States, as well as a global partner network. For more information, visit www.nexusgroup.com.