Checkpoint Systems, the manufacturer and marketer of identification, tracking, security and merchandising solutions for the retail industry and its supply chain, today announced that it has entered into a definitive agreement to acquire OATSystems, the provider of RFID-based application software and middleware.
The all-cash transaction is expected to close within two weeks.
OATSystems is the leader in RFID-based application software and middleware. Its international client base consists of leading companies in the retail, consumer products, consumer electronics, manufacturing, life sciences, aerospace and defence industries.
Senior management of OATSystems, including Michael George, President and Chief Executive Officer of OATSystems, will continue to operate the business as a division of Checkpoint. The Company will continue to use and develop the OATSystems brand and software platform to serve retail, consumer products and industrial customers.