TSC Auto ID Technology Acquires Printronix Thermal/AIDC Business
Taipei, Taiwan – November 9, 2015 – TSC Auto ID Technology (TWSE: 3611.TWO), a global leader in the AIDC barcode printer industry, has signed a definite agreement to acquire the Printronix Thermal/AIDC Business. The Printronix Thermal/AIDC Printing Business is focused on mission-critical, high-volume industrial printing applications and has a strong global network of partners and premium end-user base.
"The acquisition of the Printronix Thermal/AIDC Business presents tremendous opportunities for both companies, its partners, and its end-user base," said Sam Wang, President of TSC Auto ID. "The two companies are extremely complementary from Product, Channel, and Technology perspectives. Printronix's recognized excellence in the Industrial printing segments is the optimal addition to TSC's strong base in desktop printing. Additionally, Printronix's strength in the Americas and EMEA will also help both companies accelerate growth in these regions. We are very excited to be joined by our new team members, and to create a broader and more competitive product offering for both customer bases."
TSC will acquire all intellectual and branding rights to Printronix' Industrial Thermal stationary and Mobile Barcode Printers, barcode verification, RFID, and PrintCart product lines that will operate post-closing as a stand-alone company called Printronix Auto ID.
TSC has been engaged in the design and manufacturing of barcode printers since 1991. With 25 years of experience, it has leveraged integrated R&D, production, and quality systems to produce full desktop, industrial, and mobile product lines for its customer base. TSC's strong commitment to service and support has led the company to establish over 15 global locations in order to serve customers faster and better. TSC has quickly grown to become a Top-5 global barcode printer company and will continue to focus on serving its partners and end-users as the top priority.
Printronix has been addressing global customer needs for mission-critical industrial printing for over 40 years. If offers robust solutions for automotive, retail, and food & beverage enterprises worldwide. TSC has forged an ODM relationship with Printronix since 2012, collaborating on developments of industrial and mobile product lines. Team members of both companies have established strong working relationships across these developments, paving the way for integration success.
From Printronix Chief Executive Officer Werner Heid: "Our strategy to accelerate the growth potential for Printronix' Thermal business and to present a broader choice of solutions to our enterprise customers drove our decision to sell the Thermal business to TSC Auto ID. TSC's strength in AIDC product development, its breadth of product portfolio, the ability to expand Printronix' commercial footprint, especially in Asia, and the ability to get economies of scale within the supply chain, made TSC Auto ID a logical choice."
The transaction is expected to close by January 2016.
TSC Auto ID Technology Co. Ltd. (TSC) is a global provider of quality Auto-ID solutions for transportation and logistics, manufacturing and healthcare, industry and retail, offering a diversified line of innovative and reliable products with excellent quality. TSC has over 25 years of experience dedicated to barcode and label printers, with more than 4 million installed in over 90 countries. That puts the company, headquartered in Taiwan and producing in two own factories, into the top 5 manufacturers of thermal label printers in the world. TSC is traded on the Taiwanese stock exchange.