Systech will become part of Markem-Imaje after being acquired by M-I parent company Dover, and will bring a range of products including its Brand Protection Suite into M-I’s portfolio.
The acquisition of Systech, including its Brand Protection Suite and its e-Fingerprint technology, will help Markem-Imaje meet brand owners’ demands for brand protection and supply chain visibility solutions, as well as consumer demands for safety, security and authenticity, according to Vincent Vanderpoel, president and CEO of Markem-Imaje.
“Systech brings a successful history of protecting pharmaceutical brands and products globally over the past 35 years. 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,” he said.
Ara Ohanian, CEO of Systech, added that Markem-Imaje’s global reach would help scale up Systech’s product offering and global network.
“The combination of product serialisation, traceability, digital authentication, and connectivity that Systech provides is unmatched in the market. Joining Markem-Imaje will enhance R&D, innovation and global scale, to better serve Systech’s and Markem-Imaje’s customers worldwide,” said Ohanian.
Foodmach is the exclusive Australian distribution and integration partner of Systech, and Phil Biggs, general manager Product Traceability Solutions at Foodmach, has hailed the move as good news for its customers.
“We are delighted to be partners in Australia of both Markem-Imaje and Systech. This acquisition of Systech by Dover is exciting news for our Australian customers in search of globally supported and world class traceability and anti-counterfeit solutions.
“Our Australian software team recently undertook extensive Systech training, in readiness for several implementations scheduled for early this year. Our partnership with Markem-Imaje and Systech is proving to be a real winner,” he said.
The deal is expected to close in the first quarter of this year.
Foodmach and Markem-Imaje are both APPMA members.