Samsung buys Sweden's Fingerprint Cards for $811m

Flags of South Korean electronics giant Samsung are seen at the 53rd IFA electronics trade fair (Internationale Funkausstellung) in Berlin on Sept 5, 2013. Korea's Samsung Electronics Co said on Friday it will buy Sweden's Fingerprint Cards for
Flags of South Korean electronics giant Samsung are seen at the 53rd IFA electronics trade fair (Internationale Funkausstellung) in Berlin on Sept 5, 2013. Korea's Samsung Electronics Co said on Friday it will buy Sweden's Fingerprint Cards for US$650 million (S$811 million) in cash as it looks to match rival Apple in providing swipe sensor technology for its devices. -- FILE PHOTO: AFP

STOCKHOLM (REUTERS) - Korea's Samsung Electronics Co said on Friday it will buy Sweden's Fingerprint Cards for US$650 million (S$811 million) in cash as it looks to match rival Apple in providing swipe sensor technology for its devices.

Samsung and Fingerprint, which develops and produces biometric fingerprint verification technology, said that the deal had been approved by the boards of both companies.

Apple introduced its first-ever fingerprint scanner for its latest iPhone release.