Copyright (c) 2011 Bibliotheca
Abstract: From 1st June 2011, the two separate UK business units of Intellident Ltd and Bibliotheca Ltd, together with Intellidentís French subsidiary, will combine into a single company named Intellident Ltd. Backed financially by One Equity Partners, a division of JPMorgan Chase & Co, this new company becomes part of the Bibliotheca Group (Cham, Switzerland), including the recently merged Bibliotheca ITG in North America.
Intellident Ltd and Bibliotheca Group combine forces to create the largest specialized RFID Company in Europe.
Manchester, May 31st 2011 - From 1st June 2011, the two separate UK business units of Intellident Ltd and Bibliotheca Ltd, together with Intellident's French subsidiary (Ident SAS), will combine into a single company (Intellident Ltd). Backed financially by One Equity Partners (OEP), a division of JPMorgan Chase & Co, this new company becomes part of the Bibliotheca Group (Cham, Switzerland), including the recently merged Bibliotheca ITG in North America.
Together with an increased product portfolio, combined staff expertise and access to further investment, the merger also presents an opportunity to combine the strengths of the Board and Management Teams of both organisations. Darren Ratcliffe becomes the new Managing Director of the new UK business, with the remaining Intellident Directors transferring to central roles within the Group operation.
On his appointment, Darren commented: "We are hugely excited about the prospects that integration within the new Group will deliver, bringing an unparalleled depth and breadth of product development and support. Our existing customers will now have access to a significantly increased range of products and a much larger pool of UK-based support staff. For new customers, they can now engage with Intellident in the knowledge that they are dealing with one of the largest dedicated global providers of RFID systems."
The merger follows the announcement in January of Intellident's acquisition by Chamonix LLP, which effectively released the company from the LINPAC Group. Jim Hopwood explains: "This merger with Bibliotheca has been the ambition of our Directors for some considerable time. The resultant product synergies, expanded staff experience and increased development and sourcing leverage provide the perfect platform for on-going and sustainable growth. After completing this merger, we have built the necessary foundation to successfully compete and serve our customers in the future with the broadest range of innovative products in the marketplace."
He continued: "Our recent departure from the LINPAC Group, facilitated by Chamonix Private Equity (as part of their joint acquisition of 5 ex-LINPAC companies), provided us the ideal opportunity to position our business for this transition and acted as a stepping-stone to achieve our end goal. On behalf of Intellident and Bibliotheca, I would like to thank the partners at Chamonix for their expertise, advice and assistance during the conclusion of this deal".
To further cement its UK position and allow for continued expansion, Intellident will re-locate offices to larger Manchester-based premises this coming August, providing expanded facilities for it's staff, customers and enhanced product and technology development capabilities.
Matthias Joos, CEO of Bibliotheca AG, concludes: "Intellident have long been the UK's leading provider of RFID solutions, with a commanding position in the market, outstanding staff expertise and a comprehensive product set. This merger presents us with a truly unique and exciting opportunity to further strengthen our UK trading, whilst increasing product ranges and servicing our customers at an even higher level. Over the coming months, Bibliotheca and Intellident will cement our place as the benchmark for product design and customer service in the global RFID market, providing a combination of Swiss engineering and UK technical expertise."
Intellident Ltd, a Bibliotheca Group Company, is the UK's leading provider of RFID solutions to a range of markets, with particular focus on asset tracking and management. Together with leading the UK library market with over 1,200 library installations, the company provides document management, supply chain and asset tracking solutions to a range of blue-chip companies in the private sector, NHS and public sector. In addition, Intellident have direct sales offices in France and Netherlands, with a comprehensive partner programme delivering our products worldwide.
Bibliotheca AG is based in Switzerland and has offices worldwide. The company specializes in developing, producing and marketing software and hardware for automation, inventory control and media security in libraries. As the largest supplier of library RFID systems in Europe and second biggest worldwide, Bibliotheca has over 3,000 customers with direct presence established in Australia, Germany, Denmark, Italy, UK, Canada and the USA to deliver the company's leading products and services, and products to libraries across the world.
|Type of Material:||Press Release|
|Issue:||June 1, 2011|
Mergers and acquisitions|
|Last Update:||2012-12-29 14:06:47|
|Date Created:||2011-06-01 08:24:27|