12 January 2015
Tyco Retail Solutions Acquires Creativesystems
The companies expect Tyco's global reach and Creativesystems' nimble customization abilities in RFID integration will meet the needs of a retail market hungry for inventory tracking, security and business-analysis functions.
Tyco Retail Solutions, a Boca Raton, Fla., company owned by global security technologies firm Tyco, has acquired Creativesystems, a European RFID solutions provider based in Portugal. The acquisition, the terms of which have not been disclosed, will allow the two businesses to combine their RFID-based inventory-management solutions for a large customer base in Europe and globally. With the acquisition, Creativesystems will bring its ability to customize RFID solutions for retailers to Tyco's larger enterprise customer base.