The Committee on Foreign Investment in the United States ("CFIUS") has now approved Identiv's transaction to sell its physical security business and assets to Vitaprotech, the security solutions provider that also acquired British manufacturer, Tdsi in 2019. The Identiv sale was originally announced in April this year, but was subject to regulatory approval under the Hart-Scott-Rodino (HSR) Act and to approval from the Committee on Foreign Investment in the United States (CFIUS).
On August 15, 2024, Identiv received notification of approval from the Department of Treasury, on behalf of the Committee on Foreign Investment in the United States. CFIUS determined that there were no unresolved national security concerns; therefore, action under Section 721 with respect to the transaction was concluded.
