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SCM Microsystems and Bluehill ID Agree to Combine in an All Share Transaction; Combination Aims To Create A New Leader In Access Control, Identity Management And Rfid Technologies.

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M2 PRESSWIRE-21 September 2009-SCM Microsystems, Inc.: SCM Microsystems and Bluehill ID Agree to Combine in an All Share Transaction; Combination Aims To Create A New Leader In Access Control, Identity Management And Rfid Technologies(C)1994-2009 M2 COMMUNICATIONS

RDATE:21092009

SANTA ANA, Calif., ISMANING, Germany and ST. GALLEN, Switzerland, -- SCM Microsystems, Inc. (Nasdaq: SCMM; Prime Standard: SMY) and Bluehill ID AG (FSE: BUQ) today announced they have entered into an agreement to combine their respective companies, subject to certain regulatory and shareholder approvals. Under the agreement, SCM will make an offer to the Bluehill ID shareholders to acquire all shares of Bluehill ID. Shareholders of Bluehill ID who accept and tender their shares in the offer are expected to receive 0.52 shares of SCM's common stock for every one share of Bluehill ID. If all of the Bluehill shareholders accept the offer and SCM acquires 100% of the outstanding Bluehill ID shares, approximately 60% of the outstanding shares of the combined company would be held by the current SCM stockholders and approximately 40% of the outstanding shares of the combined company would be held by the current Bluehill ID shareholders. Both companies are focused on access control, identity management and RFID technologies and markets. SCM currently operates under the SCM and Hirsch brands while Bluehill ID currently operates under the Multicard, TagStar, Arygon, Syscan and ACiG brands, all covering the RFID and smart card value chains.

SCM Microsystems is a global leader in security and identity solutions for secure access, secure identity and secure exchange. Together with its Hirsch Electronics subsidiary, SCM offers one of the world's broadest range of contact, contactless and mobile smart card reader technology, digital identity and transaction platforms, as well as systems that integrate physical and logical access control. SCM's 225 employees are based at its global...

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