SATO, a leader in the Automatic Identification and Data Collection industry and in barcode printing, labeling and EPC/RFID solutions, has completed its acquisition of Checkpoint's former barcode systems businesses as well as its handheld labeling systems in the United States.
The recently acquired physical assets and now SATO staff will operate under five new companies based in North America, Spain, Germany, Australia and New Zealand, respectively.
"This deal offers SATO the immediate benefit of increasing our capacity in existing markets as well as expanding the company's network into markets not fully explored yet," says SATO President Masanori Otsuka. "The size of our business outside of Japan has jumped from $114m to potentially more than $220m. It represents a significant step forward in our drive to meeting our 2015 target for overseas business of $637m. This acquisition fits with our long-term vision of growth and profitability, especially in the consumables market segment outside of Japan."
SATO invented the first electronic thermal transfer barcode printer.
Checkpoint Systems, Thorofare, N.J., is a multinational manufacturer and marketer of integrated systems solutions for retail security, labeling, and merchandising. Checkpoint is a leading provider of EAS and RFID systems, source tagging, handheld labeling systems, retail merchandising systems, and barcode labeling systems.
Visit www.satoworldwide.com and www.checkpointsystems.com.
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