Flexible Electronics News

CCL Industries Announces Two Intelligent Label Acquisitions

Acquires eAgile Inc., intellectual property of Alert Systems ApS.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

CCL Industries Inc. announced it has acquired eAgile Inc. and the intellectual property of Alert Systems ApS. eAgile, located in Grand Rapids, MI, is a privately held start-up technology company with proprietary, patented hardware and software solutions for the healthcare industry supplied alongside RFID inlays embedded into labels. The $54 million purchase price includes an estimated $1 million net cash assumed with $7 million deferred for five years. The new business will become an integral...

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