ORLANDO, FL – May 31, 2013 - Datamax-O’Neil, a global provider of label and receipt printing solutions, has acquired the thermal printer assets of Source Technologies, a leading provider in specialized printing solutions based in Charlotte, North Carolina. Established in 1986, Source Technologies has specialized in secure MICR printing solutions, and will remain a strong entity in this market under new ownership. Terms of the agreement were not disclosed.
“The addition of these new products into our already strong stationary printer portfolio positions us and our channel partners around the world to be more competitive and achieve greater market share,” said Paul Sindoni, president of Datamax-O’Neil. “This acquisition represents another step in our strategy to position ourselves as a global market and technology leader and clearly reflects our continued commitment to grow our strength within the industry and our partner community.”
|The acquisition is part of Datamax-O’Neil’s long-term external growth strategy to gain market share and strengthen its position in the global Auto-ID market.|
Source Technologies thermal printer assets will be fully integrated into Datamax- O’Neil over a two-month period, and the printers will be marketed under the Datamax-O’Neil brand. Source Technologies’ Florida-based engineering team will be transferred to Datamax-O’Neil’s Orlando, FL operations.
Datamax-O’Neil is a trusted global provider of stationary and portable label and receipt printing
solution products that enable manufacturing and supply markets to capture the benefits of
automated product identification and automated legal and financial transactions. Datamax-
O’Neil is the barcode and mobile printing business group of Dover’s Product & Identification
segment. The company’s products address a wide variety of applications, including those in
the industrial, healthcare, retail, automotive and ticketing market sectors. Datamax-O’Neil is
headquartered in Orlando, Florida, and maintains key facilities in California, Illinois, and
France, as well as sales and technical support offices around the world.