M&A Deal Summary

Avery Dennison Acquires Smartrac NV - RFID Inlay Business

On November 20, 2019, Avery Dennison acquired semiconductors company Smartrac NV - RFID Inlay Business from Smartrac for 225M EUR

Acquisition Highlights
  • This is Avery Dennison’s 1st transaction in the Semiconductors sector.
  • This is Avery Dennison’s 2nd largest (disclosed) transaction.
  • This is Avery Dennison’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2019-11-20
Target Smartrac NV - RFID Inlay Business
Sector Semiconductors
Buyer(s) Avery Dennison
Sellers(s) Smartrac
Deal Type Divestiture
Deal Value 225M EUR

Target

Smartrac NV - RFID Inlay Business

Amsterdam, Netherlands
Smartrac’s RFID Inlay Business engages in the development and manufacture of RFID products.

Search 181,711 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Avery Dennison

Mentor, Ohio, United States

website


Category Company
Founded 1935
Sector Consumer Products
Employees44,060
Revenue 9.0B USD (2022)
DESCRIPTION
Avery Dennison's office in Glendale, California.
Avery Dennison's office in Glendale, California.

Avery Dennison is a global provider of labeling and packaging materials and solutions. Avery Dennison's businesses include the production of pressure-sensitive materials and a variety of tickets, tags, labels and other converted products. Some pressure-sensitive materials are sold to label printers and converters that "convert" the materials into labels and other products through embossing, printing, stamping and die-cutting. Some are sold in converted form as tapes and reflective sheeting. Avery Dennison also manufactures and sells a variety of other converted products and items not involving pressure-sensitive components, such as fasteners, tickets, tags, radio-frequency identification inlays and tags, and imprinting equipment and related services, which are marketed to retailers and apparel manufacturers and brand owners. Avery Dennison was incorporated in 1935 and is based in Mentor, Ohio.


DEAL STATS #
Overall 11 of 14
Sector (Semiconductors) 1 of 1
Type (Divestiture) 2 of 2
Country (Netherlands) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-22 Finesse Medical

Longford, Ireland

Finesse Medical Ltd. is a developer and manufacturer of healthcare products used in the management of wound care and skin conditions. Finesse Medical is based in Longford, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 ACPO

Oak Harbor, Ohio, United States

ACPO Ltd. manufactures self-wound, pressure-sensitive roll label films for the label printing and flexible packaging industries as well as industrial tapes. ACPO was founded in 1986 and is based in Oak Harbor, Ohio.

Buy $88M

Seller(S) 1

SELLER

Smartrac

Amsterdam, Netherlands

website


Category Company
Founded 2000
Sector Technology Hardware
DESCRIPTION

Smartrac is a developer, manufacturer and supplier of RFID transponders and a major player in the RFID industry. Smartrac successful business relationship with suppliers and customers is based on partnership, reliability, expertise, competitiveness and technological leadership. Smartrac was founded in 2000 and is based in Amsterdam, Netherlands.


DEAL STATS #
Overall 2 of 2
Sector (Semiconductors) 1 of 1
Type (Divestiture) 2 of 2
Country (Netherlands) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-04 Smartrac NV - Secure ID & Transaction

Amsterdam, Netherlands

Smartrac NV - Secure ID & Transaction (SIT) is a manufacturer of RFID inlays and antennas.

Sell -