Oatsystems RFID Company Acquisition

Checkpoint Systems makes all cash offer to acquire OATSystems. The acquisition should be completed quickly. Product line synergies are expected. ...

... "Checkpoint and OATSystems offer complementary merchandise protection and inventory management applications that together strengthen their combined presence in the retail market. For retail customers, OATSystems solutions help turn large quantities of data from RFID hardware into meaningful and actionable information. These solutions enable retailers to enhance operational efficiency by obtaining accurate perpetual inventory levels, ensuring onshelf availability of merchandise that is seamlessly integrated within the framework of existing loss prevention strategies and practices.

Senior management of OATSystems, including Michael George, President and Chief Executive Officer of OATSystems, will continue to operate the business as a division of Checkpoint. The Company will continue to use and develop the OATSystems brand and software platform to serve retail, consumer products and industrial customers. " ...

Via OatSystems: CHECKPOINT SYSTEMS TO ACQUIRE OATSYSTEMS