Toronto-based card solutions provider NBS Technologies Inc has been bought by Ai Holdings Corp, a Japanese holding company primarily focused on information and security equipment businesses. The financial details of the transaction were not published. The seller in the deal was Canadian alternative assets firm Brookfield Asset Management. Ai Holdings said the acquisition will give it a complete end-to-end card issuance and fulfillment platform as well as an international network of about 150 dealers worldwide.
New Ownership of NBS Technologies Inc. by Ai Holdings Corporation
TORONTO, ON, March 23, 2015 – NBS Technologies Inc. (“NBS”) announces the acquisition of all its outstanding shares by Ai Holdings Corporation of Japan from the present shareholder, Brookfield Asset Management Inc.
Ai Holdings current subsidiary, Dodwell BMS Ltd., provides card system equipment for financial institutions and hospitals. Dodwell has been a long-standing dealer for NBS. Now, with the recent acquisition, Ai Holdings Corporation has a full end-to-end card issuance and fulfillment solution as well as a strong international business network of approximately 150 Dealers worldwide.
“NBS is very excited about the acquisition. We believe that the synergies and experience Ai has in the card business will help NBS to grow,” said Bryan Hills, President & CEO of NBS.
Since 1974, NBS Technologies Inc. has taken on a leadership role in the industry. It has since expanded operations with locations in Canada, United States, France and the United Kingdom in addition to an expansive Dealer network which services customers worldwide. For over 40 years, our solutions and products address the requirements of a range of markets worldwide: Financial EMV/Chip Card, TSM, GSM/Telecom, Government/Secure ID, Healthcare/Insurance, and Corporate markets. We not only provide equipment but customized solutions that address all types of card personalization requirements. Our portfolio allows us to offer a truly tailored solution that will meet our Customers specific needs whether they are high-volume card issuance or instant card issuance, NBS Technologies is your total card solution. Please visit http://www.nbstech.com for more information.
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