Avery Dennison Acquires Smartrac’s RFID Business Smartrac Technology Group, RFID technology and IoT specialist, has reached a definitive agreement to sell its RFIDTransponder Division to Avery Dennison, which is seeking expansion of its intelligent label portfolio. Smartrac’s RFID inlay and tags business will com- plement Avery Dennison’s intelligent label platform, expand its existing product portfolio, enhance the company’s R&D,manufacturing and sales capacity and increase its RFID offerings for a variety of customer re- quirements and applications.The transaction will also provide the opportunity to expand market coverage and to accelerate RFID growth opportunities. Transponder Business As part of the transaction, Avery Dennison will ac- quire Smartrac’s Transponder business and associated assets, including all manufacturing, R&D, sales and ad- ministration facilities, and will take over all affected employees.The company will also assume all contrac- tual obligations to employees, customers and suppli- ers.The acquisition is subject to regulatory approvals and other customary closing conditions.
4 December 9, 2019 Flexo Market News
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