01.04.16
SICPA announced the finalization of its acquisition of Global Fluids International (GFI) from the Canada-based Eurocontrol group.
This acquisition extends the range of the SICPA Group’s product marking and “track and trace” portfolio. It complements the scope of SICPA’s offering to government clients worldwide: comprehensive solutions aimed at enhancing excise tax collection capability, tools to protect local economies and support health and environmental control policies.
GFI offers cutting-edge capability to mark oil products at molecular level, notably through the Petromark program. GFI’s markers work as an “in-product tax stamp’’ that cannot be altered or copied. On the detection side, this technology is highly accurate and exploits advanced spectrometry techniques. It provides governments with a sophisticated tool to tackle fraud in the oil sector, focusing on downstream products but with the ability to mark crude in the midstream process. The technology is capable not only of providing court-admissible evidence of fraud once detected, but of assisting authorities in identifying specific points in the supply chain where adulteration might have taken place.
From Jan. 1, 2016 SICPA-GFI’s oil marking activity will be managed from SICPA HQ in Lausanne, Switzerland.
This acquisition extends the range of the SICPA Group’s product marking and “track and trace” portfolio. It complements the scope of SICPA’s offering to government clients worldwide: comprehensive solutions aimed at enhancing excise tax collection capability, tools to protect local economies and support health and environmental control policies.
GFI offers cutting-edge capability to mark oil products at molecular level, notably through the Petromark program. GFI’s markers work as an “in-product tax stamp’’ that cannot be altered or copied. On the detection side, this technology is highly accurate and exploits advanced spectrometry techniques. It provides governments with a sophisticated tool to tackle fraud in the oil sector, focusing on downstream products but with the ability to mark crude in the midstream process. The technology is capable not only of providing court-admissible evidence of fraud once detected, but of assisting authorities in identifying specific points in the supply chain where adulteration might have taken place.
From Jan. 1, 2016 SICPA-GFI’s oil marking activity will be managed from SICPA HQ in Lausanne, Switzerland.