Precise Biometrics to open Shanghai office, close Karlstad in reorganization
Precise Biometrics is continuing its transition with a reorganization that will include closing its Karlstad office and opening one in Shanghai to improve customer service and increase its focus on technology for uniting biometric modalities.
On the heels of a strategic shift towards uniting various biometric modalities, which was announced last month, Precise will consolidate its operations in Sweden at the company’s headquarters in Lund in the hopes of improving operational efficiency. Fifteen employees and consultants are directly affected by the changes, and the company will initiate trade union consultations to determine the details of the shutdown of its Karlstad operation.
The re-organization is intended to position the company develop new solutions for the finance, gaming, medical, and security sectors, and the company says its new office in China, which it expects to open in the first half of 2019, will improve its support capabilities in Asia for fingerprint solutions.
“This new proposed setup enables us to maintain our position as market leaders within biometric solutions. Centralising our R&D efforts to Lund will allow us to both develop biometric solutions that secure peoples identity, as well as to faster capture the opportunities in our current business”, said Stefan K Persson, CEO of Precise Biometrics. “In order to achieve our objective to remain a leading provider of biometric solutions, we have identified the need to strengthen our local presence in the Asian market, where we see a growing demand. This ambition is well aligned with our overall strategy and focus going forward.”
Persson took over on August 1, and the company has been making changes as it attempts to adjust to the changing market for capacitive fingerprint sensors.
No significant one-time costs are anticipated from the reorganization, but cost savings are expected to be realized in 2019.