Add-on Acquisition • Information Technology

Scandit Acquires Market Lab

On August 21, 2024, Scandit acquired information technology company Market Lab

Acquisition Context

This is Scandit’s 1st transaction in the Information Technology sector.
This is Scandit’s 1st transaction in Poland.

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M&A Deal Summary
Date	August 21, 2024
Target	Market Lab
Sector	Information Technology
Buyer(s)	Scandit
Deal Type	Add-on Acquisition

Target Company

Market Lab

Lodz, Poland

Market Lab is an image recognition and AI software company specializing in the retail industry. The company creates breakthrough technological solutions that bring successful sales results to its clients. Market Lab is based in Lodz, Poland.

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Buyer Overview 1

Buyer

Scandit

Zurich, Switzerland

Category	Company
Founded	2009
Sector	Software

DESCRIPTION

Scandit engages in smart data capture giving superpowers to workers, customers, and businesses with unmatched speed, accuracy, and intelligence. Scandit Smart Data Capture platform enables smart devices, such as smartphones, drones, digital eyewear, and robots to capture data from barcodes, text, IDs, and objects to automate and provide insights for end-to-end processes. Scandit was founded in 2009 and is based in Zurich, Switzerland.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Information Technology	1 of 1
Type: Add-on Acquisition	1 of 1
Country: Poland	1 of 1
Year: 2024	1 of 1

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