Flexible Electronics News

Identiv Announces Security Business Sale Receives CFIUS Clearance

The $145 million transaction receives final remaining regulatory approval.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Identiv, Inc. announced that the Committee on Foreign Investment in the United States (CFIUS) has approved the company’s transaction to sell its physical security, access card, and identity reader operations and assets to Vitaprotech, a security solutions provider.  Identiv submitted notice of the proposed transaction to the U.S. government on May 9, 2024.   Pursuant to Section 721 of the Defense Production Act of 1950, as amended, CFIUS reviewed the transaction.  On Aug. 15, 2024, Identiv...

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