Avery Dennison Completes Acquisition of Smartrac’s RFID Transponder Business
Press release from the issuing company
Glendale, Calif. – Avery Dennison Corporation today announced 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.
Learn more at www.averydennison.com.
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