“SATO adopted a holding company structure on October 3 of this year and as a result realized many benefits which include: strengthened profitability, growth potential, advancements in technology innovations, and to make investments into new and/or growing businesses,” says Kaz Matsuyama, president and CEO of SATO Holdings Corporation. “The acquisition of Argox exemplifies our mission and compliments the business models of both Argox and SATO alike.
“SATO will continue to escalate its expansion of business into emerging markets which includes the strengthening of a label production facility for printer consumables in Poland, and to complete simultaneous acquisitions of label production companies in China, Argentina, and Brazil. We believe we will be able to fully enjoy the strategic relationships between those investments in addition to this important Argox acquisition.”
To ensure the continuity of business, Argox will continue its operations as an independent entity, reporting to SATO Holdings Corporation. Going forward, SATO and Argox will leverage strategic benefits from each other, such as cooperative relationships in product development and reduction in developmental costs. The current management of Argox will remain in place and both companies plan to operate independently with a “strategically complimentary relationship” to ensure that both companies take full advantage of their strengths.
SATO, based in Tokyo, is a global provider of integrated automatic identification and data collection products that utilize bar code and RFID technologies. More information about SATO can be found at www.sato.co.jp/english.
Founded in 1996, Argox is a manufacturer of low cost and entry-level thermal printers that fulfill the application demands of emerging and industrial markets. Focusing on mid- and entry-level barcode products, Argox products are sold in more than 60 countries over the world, with significant market share in Brazil, Turkey, China and more. For more information,visit: www.argox.com.