Flash Report 2 minutesRegister for Free AccessAvery Dennison To Acquire Smartrac’s RFID Inlay Business for Approximately $250 Million Coresight Research November 26, 2019 Executive SummaryOn November 20, 2019, Avery Dennison announced it had signed a definitive agreement to acquire Smartrac’s Transponder (RFID Inlay) division for €225 million ($248 million). The acquisition is expected to close within a few months. Smartrac’s Transponder division is a leader in the development and manufacture of RFID products and expects to generate 2019 global revenues of approximately $140 million. The business complements Avery Dennison’s Intelligent Labels platform, expands its existing product portfolio, enhances the company’s R&D, manufacturing and sales capacity, and increases its RFID offerings. It will also help Avery Dennison expand into a variety of end markets, reach customers in the industrial and retail segments, and expand into new channels. The acquisition should increase Avery’s global scale and presence and increase its revenues by about 45% to $450 million annually. The company expects to fund the transaction with existing cash and credit facilities. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Weinswig’s Weekly: There Go Amazon’s Private Labels!Signs of a Holiday Spending Ramp-Up Emerge: US Consumer Survey Insights 2023, Week 45Key Festivals and Holidays for Promotional Campaigns in China in 2024: CalendarInnovator Profile: Tare Elevates Email Marketing with the Power of AI