Datalogic S.p.A., the Bologna, Italy-based provider of automatic data capture (ADC) and industrial automation solutions, announced Nov. 22 that it had entered into an agreement to acquire Accu-Sort Systems Inc. and certain of its affiliates for $135 million. Accu-Sort, based in Telford, Pa., specializes in the design, production, integration, and maintenance of auto ID systems, including dimensioning systems, bar-coding and print/apply solutions, and sortation systems. It reported revenues of approximately $92 million in 2010.
Mauro Sacchetto, CEO of Datalogic, announced the deal, noting that the transaction would double Datalogic Group's presence in the industrial automation industry by positioning it in the high-end segment of that market. He also said that Accu-Sort is complementary to Datalogic's existing business in such sectors as retail, express shipping, and automotive.
The transaction is subject to certain conditions, including expiration or termination of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act. Subject to satisfaction or waiver of closing conditions, the transaction is expected to occur in the first quarter of 2012.
Datalogic recently announced record revenues and said it would increase its focus on such growth areas as field mobility, point-of-sale data, traceability of processes and goods, and automation solutions for government, healthcare, and retail, particularly in emerging markets.
EXHIBIT 1: Market forecast for industrial robots - revenuesInteract Analysis
