Avery Dennison completes acquisition of Smartrac’s RFID Business

Smartrac now an Avery Dennison company

0
128
Avery Dennison completes acquisition of Smartrac
Avery Dennison completes acquisition of Smartrac

Avery Dennison Corporation announced that it completed the acquisition of Smartrac’s Transponder business, for the purchase price of €225 million, subject to customary adjustments.

Smartrac is a leading innovator in the development and manufacture of RFID inlays. It has strong research and development capabilities and a proven track record for developing and commercializing effective, high-value and high-quality RFID products. Smartrac is now an Avery Dennison company.