Following the close of the transaction, Systech will become part of Dover’s Markem-Imaje business unit and will offer brand protection, traceability and automation solutions under the Systech brand.
Systech is headquartered in Princeton, NJ, and offers an integrated Brand Protection Suite for compliance and brand protection applications, including serialization, traceability, anti-counterfeiting and anti-diversion solutions.
Systech’s proprietary and e-Fingerprint technology is a digital non-additive product authentication solution that offers superior levels of brand protection with lower complexity and cost than other analog-based brand protection solutions.
“Systech brings a successful history of protecting pharmaceutical brands and products globally over the past 35 years,” said Vincent Vanderpoel, president and CEO of Markem-Imaje. “We are excited to combine Systech’s solutions with Markem- Imaje’s products, services and global reach to become a leader in the brand protection market.”
“The combination of product serialization, traceability, digital authentication and connectivity that Systech provides is unmatched in the market,” added Ara Ohanian, CEO of Systech. “Joining Markem-Imaje will enhance R&D, innovation and global scale, to better serve Systech’s and Markem-Imaje’s customers worldwide.”
Terms of the transaction were not disclosed. The transaction is subject to satisfaction of customary closing conditions, including applicable regulatory approvals, and is expected to close in the first quarter of 2020.