BIC-Acquisition of AMI_10AUG22
Source: GlobeNewswireClichy – France - August 10, 2022
BIC strengthens its R&D Capabilities in Digital Expression with the acquisition of AMI (Advanced Magnetic Interaction)
Clichy-France – August 10th, 2022 - BIC announces today that it has signed an agreement to acquire the share capital of AMI (Advanced Magnetic Interaction), a small French company specializing in augmented interaction technology and the creator of the ISKN Repaper digital tablet, which allows users to capture paper writing and drawing in an electronic format. The completion of the acquisition is contingent upon certain closing conditions. The closing is expected before the end of Q3 2022.
Created in 2014 by Jean-Luc Vallejo, Tristan Hautson, and Timothée Jobert, AMI uniquely leverages magnetometric technology to enable highly accurate, real-time position tracking without the need for embedded electronics in devices, addressing the increasing consumer need for user-friendly, sustainable, and secure digital accessories.
This acquisition strengthens BIC's R&D capabilities in Digital Expression, one of the pillars of BIC's Horizon strategic plan, and will accelerate the deployment of AMI's patented technology, notably through B2B activity in Digital Creative and Consumer Electronics applications.
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CONTACTS
| Sophie Palliez-Capian VP, Corporate Stakeholder Engagement +33 1 45 19 55 28 + 33 6 87 89 33 51 Sophie.palliez@bicworld.com Michèle Ventura Senior Manager, Investor Relations + 33 1 45 19 52 98 Michele.ventura@bicworld.com | Albane de La Tour d’Artaise Senior Manager, Institutional Press Relations + 33 1 45 19 51 51 + 33 7 85 88 19 48 Albane.DeLaTourDArtaise@bicworld.com Romain Grière Image 7 + 33 7 86 53 17 29 rgrière@image7.fr |
ABOUT BIC
A world leader in stationery, lighters and shavers, BIC brings simplicity and joy to everyday Life. For more than 75 years, the Company has honored the tradition of providing high-quality, affordable, essential products to consumers everywhere. Through this unwavering dedication, BIC has become one of the most recognized brands and is a trademark registered worldwide. Today, BIC products are sold in more than 160 countries around the world and feature iconic brands such as BIC Kids™, BIC FlexTM, BodyMark by BICTM, Cello®, Djeep, Lucky Stationery, Rocketbook, Soleil®, Tipp-Ex®, Us. TM, Wite-Out®, Inkbox and more. In 2021, BIC Net Sales were 1,831.9 million euros. The Company is listed on "Euronext Paris"," is part of the SBF120 and CAC Mid 60 indexes and is recognized for its commitment to sustainable development and education. It received an A- Leadership score from CDP. For more, visit www.bic.com or follow us on LinkedIn, Instagram, Twitter, or YouTube.
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2022/2023 AGENDA - ALL DATES TO BE CONFIRMED
| 3rd Quarter 2022 Results | October 27, 2022 |
| 4th Quarter and Full-Year 2022 Results | February 14, 2023 |
| 1st Quarter 2023 Results | April 25, 2023 |
This document contains forward-looking statements. Although BIC believes its expectations are based on reasonable assumptions, these statements are subject to many risks and uncertainties. A description of the risks borne by BIC appears in the section, "Risks Management" in BIC's 2021 Universal Registration Document filed with the French financial markets authority (AMF) on March 25, 2022.
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