GSI GROUP, JADAK ACQUIRE SKYETEK
time: 2016-01-08 16:49
GSI Group, a global leader and supplier of high-frequency (HF) RFID, optical data collection and machine-vision technologies to original equipment manufacturers (OEMs) in the medical, security, gaming and kiosk industries, along with its business unit Jadak, have announced their acquisition of the assets of SkyeTek, a provider of embedded and standalone ultrahigh-frequency (UHF) RFID solutions for OEM equipment suppliers. GSI Group announced the acquisition, valued at $2.6 million in cash (subject to customary working capital adjustments), in mid-December 2015.
SkyeTek, based in Denver, Colo., specializes in UHF RFID technologies that maximize efficiency and visibility for OEMs serving the medical, pharmaceutical, government, hospitality and manufacturing industries. SkyeTek's family of embedded and standalone UHF RFID modules are highly complementary to Jadak's existing line of RFID solutions, Jadak reports. The SkyeTek team and facilities will stay in place, but "SkyeTek, as an entity name will be retired and will become Jadak," says John Prior, Jadak's marketing manager. "However, we will leverage the SkyeTek name as a sub-brand for our RFID product family," Prior adds.
"The combination of SkyeTek with Jadak truly brings our RFID offering to new levels and enhances our value proposition with OEM customers in a variety of industries," said Jeffrey Pine, Jadak's VP of business development, in a prepared statement. "This is a particularly exciting development for our medical customers as they search for new strategies to improve patient safety, asset tracking and anti-counterfeiting within the hospital environment and throughout their supply chain."