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Idex Biometrics to Close UK Site, Consolidate Norway Operations

MT Newswires·10/23/2026 05:36:31
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05:36 AM EDT, 10/23/2026 (MT Newswires) -- Idex Biometrics (IDEX.OL) will close its development site in Farnborough, UK, and consolidate its operations in Oslo, Norway, to reduce annual net operating costs by 20 million Norwegian kroner. The Norwegian biometrics company said Friday that its engineering and technology activities in Oslo will be merged with management, product, sales, marketing, and operations.