SATO Acquires Argox Information Co., Ltd.
Tokyo, Japan – December 16, 2011 – SATO, a leader in barcode printing, labeling, and EPC/RFID solutions, announced today its acquisition of Argox Information Co., Ltd.,
Founded in 1996, Argox became one of the world’s leading design and manufacturers of low cost and entry level thermal printers that fulfill the application demands of emerging and industrial markets for cost effective, reliable products. Ever expanding its market influence Argox has focused on China, Brazil, Turkey, and is today tracking to become a main provider of auto-ID solutions in countries such as India, Russia and South Africa.
“SATO adopted a holding company structure on October 3rd of this year and as a result realized many benefits which include: strengthened profitability, growth potential, advancements in technology innovations, and to make investments into new and/or growing businesses.”
“SATO will continue to escalate its expansion of business into emerging markets which includes the strengthening of a label production facility for printer consumables in Poland, and to complete simultaneous acquisitions of label production companies in China, Argentina, and Brazil. We believe we will be able to fully enjoy the strategic relationships between those investments in addition to this important Argox acquisition.”
To ensure the continuity of business, Argox will continue its operations as an independent entity, reporting to SATO Holdings Corporation. Going forward, SATO and Argox will leverage strategic benefits from each other such as cooperative relationships in product development and reduction in developmental costs. The current management of Argox will remain in place and as mentioned both companies plan to operate independently with a “strategically complimentary relationship”
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SATO is a pioneer and leading global provider of integrated Automatic Identification and Data Collection solutions that leverage barcode and RFID technologies. SATO manufactures innovative, reliable auto-identification systems and offers complete solutions to businesses by integrating hardware, software, media supplies and maintenance services. Customers rely on SATO for accuracy, labor and resource savings helping to preserve the environment.
Founded in 1940, SATO is publicly listed on the first section of Tokyo Stock Exchange in Japan. It has sales and support offices in over 20 countries and is represented globally (over 90 countries) through a world-class network of partners. For the fiscal year ended March 31, 2011, it reported revenues of JPY 78,368 million (US$ 914 million). More information about SATO can be found at www.sato.co.jp/
* Conversion is based on an average exchange rate of 1 US Dollar = 85.73 Japanese Yen.