Markem-Imaje, a global supplier of product identification and traceability solutions, announced today that Dover Corporation (“Dover”) has entered into a definitive agreement to acquire Sys-Tech Solutions, Inc., doing business as Systech International (“Systech”), a leading provider of software and solutions for product traceability, regulatory compliance, and brand protection. Following the close of the transaction, 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 customers worldwide.
Systech is headquartered in Princeton, New Jersey, USA, and offers an integrated Brand Protection SuiteTM for compliance and brand protection applications, including serialization, traceability, anti-counterfeiting and anti-diversion solutions, which will help our customers to meet evolving product traceability regulations and growing consumer demand for product safety, security and authenticity. Systech’s proprietary and innovative e-Fingerprint® technology is a digital non-additive product authentication solution that offers superior levels of brand protection with lower complexity and cost than other analog-based brand protection solutions.
Demand for brand protection and supply chain visibility solutions is growing rapidly as issues such as product counterfeiting and diversion cost brand owners billions of dollars each year. Additionally, end consumers increasingly demand assurances of safety, security and authenticity from brands they trust. 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.
Systech’s and Markem-Imaje’s customers will benefit from the combination as the focused and scaled-up integrated software and service organization will provide innovative world-class brand protection and compliance solutions to our global customers and lead the digital transformation of the brand protection market.
“Systech brings a successful history of protecting pharmaceutical brands and products globally over the past 35 years,” said Vincent Vanderpoel, President and CEO of Markem-Imaje. “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.”
“The combination of product serialization, traceability, digital authentication and connectivity that Systech provides is unmatched in the market,” said Ara Ohanian, CEO of Systech. “Joining Markem-Imaje will enhance R&D, innovation and global scale, to better serve Systech’s and Markem-Imaje’s customers worldwide.”
Terms of the transaction were not disclosed. The transaction is subject to satisfaction of customary closing conditions, including applicable regulatory approvals, and is expected to close in the first quarter of 2020.
Markem-Imaje, an indirect wholly owned subsidiary of the US-based Dover Corporation, is a trusted world manufacturer of product identification and traceability solutions, offering a full line of reliable and innovative inkjet, thermal transfer, laser, and print and apply label systems. Markem-Imaje provides global reach to over 50,000 customers with 30 subsidiaries, 6 technology centers, several equipment repair centers and manufacturing plants with the most comprehensive marking and coding portfolio available in the marketplace. Additional information is available at www.markem-imaje.com.
About Systech International
Systech International, a Princeton, New Jersey, USA-based company, was founded in 1985 and has developed an innovative software suite of products that can uniquely identify products through additive serialized numbers or non-additive e-fingerprints, and then track and authenticate products through the supply chain. Global brands rely on Systech to combat counterfeiters, prevent product diversion, meet regulatory compliance and gain insight with solutions that offer robust brand protection for products as they move through the supply chain. Visit www.systechone.com for further information.