Zetes acquires Belgian RFIDEA and strengthens its expertise in RFID-based traceability solutions
- RFIDEA’s highly specialised team reinforces Zetes’ know-how in the field of RFID
- RFIDEA’s pharma expertise will push ZETES forward in this strategic industry
- Zetes sees sizeable opportunities for RFID in a number of specific business applications
Brussels, 25 May 2011 - Zetes (Euronext Brussels: ZTS), the European leader in automatic identification solutions and services for goods and people, is acquiring the Belgian company RFIDEA. RFIDEA delivers highly specialised solutions based on Radio Frequency Identification (RFID) Technology. Its expertise will reinforce Zetes’ offering of RFID-based solutions.
RFIDEA’s track record includes solid references such as Baxter, GSK, and BNP Paribas, among others. Five people will join the Belgian Zetes organisation as part of the acquisition. The team will also share its expertise with Zetes France and the other countries in the Zetes Group.
David Dalla Vecchia, General Manager of RFIDEA, comments: “As a part of the Zetes group, we will be able to bring our solutions to more customers and more markets. We are happy to be a part of a solid organisation that continues investing in research and development to deliver innovative solutions, and we are looking forward to contributing to the Group’s success.”
Alain Wirtz, CEO of Zetes, notes: “Even though RFID has been hyped up over the last years, Zetes believes that in a supply chain environment, the technology can bring the right benefits in certain business cases, for example, in situations that involve reusable asset tracking or highly regulated environments. We are happy to welcome the specialists of RFIDEA to our team, who will help us provide our customers with sophisticated RFID solutions to address their challenges more efficiently”.
The transaction will be finalized on the 26th of May 2011. The selling shareholders are advised by Actoria Belgium, leader in M&A for SME.
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ZETES INDUSTRIES (Euronext Brussels: ZTS) is a leading pan-European company in the value-added solutions and services industry for Automatic Identification of Goods and People (Goods ID and People ID). Zetes uses both emerging and mature technologies (barcode, voice recognition, RFID, smartcards, biometrics), and develops Solution Architecture Frameworks to optimize the business performance of many customers in many market segments: manufacturing, transportation, logistics, retail, healthcare, finance, telecommunication, government and public services. The Zetes group has its headquarters in Brussels, with subsidiaries in Belgium, Côte d'Ivoire, Denmark, Germany, Greece, France, Ireland, Israel, Italy, the Netherlands, Portugal, Spain, Switzerland and the UK . Zetes currently employs about 900 employees and generated consolidated revenues of €216.7 million in 2010.