FRANCE, Bourg-lès-Valence. Markem-Imaje, a global supplier of product identification and traceability solutions, announced today that Dover Corporation has entered into a definitive agreement to acquire Sys-Tech Solutions, Inc., d/b/a Systech International, 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 Suite for compliance and brand protection applications, including serialization, traceability, anti-counterfeiting and anti-diversion solutions, which will help users to meet evolving product traceability regulations and growing consumer demand for product safety, security and authenticity. The company’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.