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New Deal


Announced

Barcodes-backed Smart Label Solutions to acquire NeWave Sensor Solutions.

Synopsis

Barcodes-backed Smart Label Solutions, a process engineering and Radio Frequency Identification solutions company, agreed to acquire NeWave Sensor Solutions, an inventor of the Patented Wave® antenna. Financial terms were not disclosed. "RFID is quickly becoming a critical component in digital transformation because of the significant opportunity it presents to reduce labor needs while improving operations and the customer experience. With the leadership of Dr. Burnside, NeWave has invented and patented advanced RFID technologies that now enable us to bring scalable, high-performing, and high-ROI solutions to market. This is a major evolution for this technology, and now we need to commercialize it and make it available to the world. The acquisition of NeWave enables us to bring complete solutions to market and transform how organizations operate," Daniel Nettesheim, Barcodes President and CEO.

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