Printronix to Sell Thermal/AIDC Product Line to TSC Auto ID Technology
Verfasser: pr-gateway on Tuesday, 10 November 2015
Irvine, California, Newhaven, November 10, 2015 - Printronix Inc., a worldwide leader in industrial printing solutions, today announces that it has reached an agreement to sell its Thermal/AIDC business to TSC Auto ID Technology Co., Ltd. (TWSE: 3611.TWO). TSC will acquire all intellectual and branding rights to Printronix' Industrial Thermal stationary and mobile printers, barcode verification, RFID, and PrintCart product lines that will operate post-closing as a stand-alone company called Printronix Auto-ID Inc.
"Our strategy to accelerate the growth potential for Printronix' Thermal business and to present a broader choice of solutions to our enterprise customers drove our decision to sell the Thermal business to TSC Auto ID. TSC's strength in AIDC product development, its breadth of product portfolio, the ability to expand Printronix' commercial footprint, especially in Asia, and the ability to get economies of scale within the supply chain, made TSC Auto ID a logical choice," said Printronix Chief Executive Officer Werner Heid.