JDSU to buy Hologram Maker ABNH
15 12 2007
MILPITAS, Calif., Dec. 11, 2007 — JDSU will acquire American Bank Note Holographics Inc. (ABNH), a Robbinsivlle, N.J., maker of holograms for providers of cards issued by more than 20,000 financial institutions, for $138 million in cash and stock, the companies announced today.
ABNH, which has about 110 employees, American Bank Note Holographics, Inc. (ABNH) is a world leader in the design, production and marketing of security holograms that authenticate valuable documents and products. It will become part of JDSU’s Advanced Optical Technologies business segment. Its “holographic origination” technologies will be added to JDSU’s patent-protected portfolio of optical security products, JDSU said in a statement. The transaction is expected to be final in the quarter ending March 31, 2008, subject to regulatory and shareholder approvals.
JDSU, which makes communications test and measurement and optical products for numerous markets, said the acquisition will build its position in security technology for brand protection and enable it to expand into security for transaction card-based commerce and for product authentication and brand protection.
For more information, visit: www.jdsu.com
