Bartronics buys Proximities, SRG for Rs 200cr

Bartronics America, the wholly-owned subsidiary of Hyderabad-based solutions provider for automatic identification and data capture and Radio Frequency IDdentification (RFID), Bartronics India, has acquired the assets of Australia-based Proximities Inc and US-based SRG America Inc for a total consideration of $50 million (around Rs 200 crore).

Proximities Inc, a privately-held company headquartered in Melbourne, develops, markets and supports secure RFID cashless payment, access control and age verification solutions.

Software Research Group Inc (SRG), headquartered in New Jersey, is a multi-national organisation that has successfully served the IT market place for over 10 years.