Zetes acquires assets and intellectual property from MD Systems (Barcelona, Spain) and strengthens its Barcelona based Printer Applicator R&D Centre
- MD is market-leading provider of Printer Applicator Solutions in Spain
- Deal encompasses acquisition of assets and intellectual property
- Team of MD 20 specialists to join Zetes R&D Centre for printer applicators
Following up on its strategic decision to enter into this market, taken in 2006 with the acquisition of Powersys (also based in Barcelona), Zetes decided to further expand its expertise and ability to service the market with the additional acquisition of the assets and intellectual property of Barcelona-based MD Systems while adding a team of 20 employees to its existing Printer Applicator R&D centre. This investment is worth about 700.000 euro, and relates mainly to assets acquisition.
"The expertise and domain-knowledge of MD is highly respected in the Spanish market", says Alain Wirtz, CEO of Zetes Industries, "The addition of the core team and a range of complementary products that are aligned with our own design philosophy makes us the nr 1 supplier of printer applicator based solutions in the Spanish market. Moreover, the addition of this extra capacity allows us even better to distribute this expertise and range of solutions across the entire Zetes Group."
For more information about Zetes’ Printer-Applicator activities, visit our website: http://www.zetes.com
ZETES INDUSTRIES 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, Germany, France, Ireland, Israel, Italy, the Netherlands, Portugal, Spain, Switzerland and the UK . Zetes currently employs more than 700 employees and generated consolidated revenues of €177 million in 2007. More info: www.zetes.com.
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