Avery Dennison Corporation announced that it completed the acquisition of Smartrac's Transponder business, for the purchase price of €225 1000000, subject to customary adjustments.
Smartrac is a leading innovator in the development and manufacture of RFID inlays. Information technology has potent research and development capabilities and a proven track record for developing and commercializing effective, high-value and high-quality RFID products. Smartrac is at present an Avery Dennison company.
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