Datalogic S.p.A., Bologna, Italy-based provider of automatic data capture and industrial automationtechnology, entered into an agreement with certain subsidiaries of Danaher Corporation to acquire Accu-Sort Systems Inc. for approximately $135 million. Accu-Sort supplies automatic identification products in the United States.
Mauro Sacchetto, CEO of Datalogic, stated: "This transaction doubles Datalogic Group's presence in the Industrial Automation industry by positioning it in the high-end segment and by broadening the company’s competitive position in a highly fragmented market with great growth potential. Accu-Sort is complementary to the existing business of Datalogic and is a leading supplier with a widely recognized brand and long-term relationships with preeminent customers.
"Accu-Sort is financially sound, with an EBITDA margin that exceeds 19%, and highly focused on researching solutions and developing additional value for its customers," he continued. "This acquisition, which perfectly fits our corporate strategy, complements and confirms Datalogic's solid foundations and strong growth potential despite a very challenging economic environment.”
Accu-Sort employs approximately 250, has one production factory in the U.S., and two research centers—one in the U.S. and one in Europe. It also has eight sales offices through which it offers laser and camera-based automatic data capture devices, dimensioning systems, print/apply solutions, small items sortation systems and system integration capabilities. Datalogic, through this acquisition, extends and integrates its range of products and expands its position in transportation and logistics.