Divestiture • Technology Hardware

Datamax-O Neil Acquires Source Technologies - Thermal Printer Business

On May 31, 2013, Datamax-O Neil acquired technology hardware company Source Technologies - Thermal Printer Business from Source Technologies

Acquisition Context
  • This is Datamax-O Neil’s 2nd transaction in the Technology Hardware sector.
  • This is Datamax-O Neil’s 2nd transaction in the United States.
  • This is Datamax-O Neil’s 1st transaction in North Carolina.

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M&A Deal Summary

Date May 31, 2013
Target Source Technologies - Thermal Printer Business
Sector Technology Hardware
Buyer(s) Datamax-O Neil
Sellers(s) Source Technologies
Deal Type Divestiture

Target Company

Source Technologies - Thermal Printer Business

Charlotte, North Carolina, United States
Source Technologies' printers represent over three years of intense research and development with considerable company investment and resulted in 12 provisional patents. All ST Performance series printers are designed to use PCL5e, an industry standard printer language, which alleviates integration difficulties often caused by proprietary languages. The printers are easy to use, and offer reliability and performance at an affordable price.
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Buyer Overview 1

Buyer

Datamax-O Neil

Orlando, Florida, United States

Category Company
Founded 1977
Sector Technology Hardware
DESCRIPTION

Datamax-O'Neil is a manufacturer of fixed and mobile printers used in a variety of retail, warehouse and distribution, and health care applications.


Deal Context for Buyer #
Overall 2 of 2
Sector: Technology Hardware 2 of 2
Type: Divestiture 2 of 2
State: North Carolina 1 of 1
Country: United States 2 of 2
Year: 2013 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-16 Extech Instruments - Data Systems Division

Waltham, Massachusetts, United States

Extech Instruments' Data Systems Division is a developer of portable printers for enterprise-wide applications.

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Seller Profile 1

SELLER

Source Technologies

Charlotte, North Carolina, United States

Category Company
Founded 1986
Sector Technology Hardware
DESCRIPTION

Source Technologies, LLC is a provider of power to control financial transactions in real time using dynamic hardware, software and self-service solutions. Company products include magnetic ink character recognition (MICR) printers for printing checks and other negotiable documents using a level of security unrivaled in the industry.


Deal Context for Seller #
Overall 1 of 1
Sector: Technology Hardware 1 of 1
Type: Divestiture 1 of 1
State: North Carolina 1 of 1
Country: United States 1 of 1
Year: 2013 1 of 1