Flexible Electronics News

Smartrac Selling RFID Inlay Business to Avery Dennison

Smartrac's RFID inlay and tags business will complement Avery Dennison’s Intelligent Labels platform.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Avery Dennison Corporation announced a definitive agreement to acquire Smartrac Technology Group‘s Transponder (RFID Inlay) Division, for the purchase price of €225 million, subject to certain closing and post-closing adjustments. The division is a leader in the development and manufacture of RFID products, with 2019 estimated global revenue of approximately €125 million, or approximately $140 million, and approximately 900 employees. Headquartered in Glendale, CA, Avery Dennison specia...

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