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by Diane Himes, MA Editorial Staff Posted on Tuesday, March 04, 2008 4:16:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | With its purchase of RSI ID Technologies, Sirit adds new RFID antenna, inlay, and tag technology to its portfolio. |
| Keywords: | RFID provider, RFID acquisition |
Looking to expand its technology portfolio and extend its geographical reach, RFID hardware provider Sirit has reached an agreement to acquire RSI ID Technologies, a supplier of RFID antennas, inlays, and tags, in an all-stock transaction. The two companies, which had collaborated closely on RFID projects in the electronic vehicle registration space for more than a year, agreed to merge with the aim of marketing a consolidated hardware infrastructure offering to current customers and new prospects, Sirit CFO Anastasia Chodarcewicz told Managing Automation. With RSI under its wing, Sirit will court customers across both companies' target applications within manufacturing, including supply chain, logistics, and asset tracking, as well as among retailers. Sirit is also focused on automotive vehicle identification and security and access control, while RSI's key application areas include retail and supply chains, Chodarcewicz said. The companies aim to combine Sirit's readers and other hardware, including active and passive tags, with RSI's antenna and inlay design expertise to provide a comprehensive offering for customers that need both sets of products. [Click to continue] |
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