Markem-Imaje acquires brand protection specialist Systech
Markem-Imaje, a supplier of product identification and traceability solutions, has announced that the Dover Corporation has acquired Systech Solutions, a provider of software and solutions for product traceability, regulatory compliance and brand protection. Following the acquisition, Systech will become part of Dover’s Markem-Imaje business unit and will offer brand protection, traceability and automation solutions under the Systech brand to consumers worldwide.
Headquartered in New Jersey, USA, Systech offers an integrated Brand Protection Suite for compliance and brand protection applications, including serialisation, traceability, anti-counterfeiting and anti-diversion solutions. Systech’s proprietary e-Fingerprint technology is a digital non-additive product authentication solution, offering brand protection with lower complexity than other analogue-based brand protection solutions.
“Systech brings a successful history of protecting pharmaceutical brands and products globally over the past 35 years. We are excited to combine Systech’s solutions with Markem-Imaje’s products, services and global reach to become a leader in the brand protection market,” said Vincent Vanderpoel, President and CEO of Markem-Imaje.
Issues such as product counterfeiting and diversion have led to increasing demand for brand protection and supply chain visibility. The acquisition of Systech will enable Markem-Imaje to cater to these market demands by enhancing Markem-Imaje’s portfolio of product identification and traceability solutions with complementary digital brand protection offerings. Customers will also benefit from the acquisition, as the scaled-up integrated software and service organisation will provide brand protection and compliance solutions.
“The combination of product serialisation, traceability, digital authentication and connectivity that Systech provides is unmatched in the market. Joining Markem-Imaje will enhance R&D, innovation and global scale, to better serve Systech’s and Markem-Imaje’s customers worldwide,” said Ara Ohanian, CEO of Systech.
Terms of the transaction were not disclosed, with the transaction subject to the satisfaction of customary closing conditions, including regulatory approvals. It is expected to close in the first quarter of 2020.
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