The German-owned smart card manufacturer Giesecke & Devrient America Inc. has acquired Cardtech Inc., a plastic card producer in Cleveland.

The acquisition underscores Giesecke & Devrient's commitment to technical advances, the company said.

Giesecke & Devrient launched smart card operations in North America less than three years ago. It markets to the financial, health care, transportation, and telecommunications industries.

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