Loss prevention: Checkpoint Systems to acquire RFID specialist OATSystems
Checkpoint Systems , a specialist in identification, tracking, security, and merchandising solutions, reports a definitive agreement to acquire OATSystems , which offers RFID-based application software and middleware to its client base in retail, consumer products, consumer electronics, manufacturing, life sciences, and the aerospace & defense industries.
Checkpoint and OATSystems offer complementary merchandise protection and inventory management applications that strengthen their combined presence in these markets.
“With this acquisition, Checkpoint is redefining the scope of Shrink Management,” says Rob van der Merwe, CEO, Checkpoint, “to help retailers and their suppliers migrate more easily with our Evolve Electronic Article Surveillance platform to Electronic Product Code RFID. As our industry moves to a common EPC standard, [we] will now be able to offer solutions that enable retailers and their supply chains to gain deeper inventory visibility, further reducing shrink and increasing bottom-line profits by enhancing on-shelf merchandise availability for consumers.”