A leading pan-European system integrator in the Automatic Identification (Auto-ID) industry for Goods Identification and People Authentication, Zetes has reached an agreement to acquire 100 % of the Spanish company Powersys 2000 S.L.
The founder of Powersys, Giuseppe Vernone, will remain Managing Director of the company.
This acquisition totals for 1.8 million and will be consolidated into the accounts of Zetes Industries from 15 February 2006. Powersys is profitable, allowing the acquisition to be relutive.
In line with its strategy for the Goods Identification market, this acquisition will accelerate the growth of Zetes in the Spanish market.