Markem-Imaje, a global supplier of product identification and traceability solutions, has announced that Dover Corporation has entered into a definitive agreement to acquire Sys-Tech Solutions, 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 serialisation, traceability, anticounterfeiting 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 analogue 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 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.’
Terms of the transaction have not disclosed.