Two private equity firms team up to buy Linxens, the French maker of smart card connectors

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Two private equity investment firms, CVC Capital Partners and Astorg, today announced that they have entered into exclusive discussions regarding the acquisition of Linxens. No word on price, though.

Headquartered in Guyancourt, France, Linxens designs and manufactures smart card connectors. That means its products are central to a wide range of consumer, financial and public sector applications, including banking cards, SIM cards, ID cards and whatnot.

Linxens boasts 1,100 employees, five manufacturing facilities and three R&D centres in Europe and Asia. To date, a total of 60 billion smart card connectors have been supplied by Linxens.

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