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Bologna, 27th September 2005 - Datalogic, a Star-listed company (Milan) that designs, manufactures and distributes bar code readers and RFID (radio frequency identification) systems, borrowed €30 million today from a major Italian bank.
The cash is being disbursed in the form of a medium-term credit line and is meant to help the group expand through accretion.
Datalogic recently acquired both Laservall (August 2004) and Americana Informatics (March 2005), moves that have strengthened its foothold in overseas markets and rounded out its business solutions division.
With consolidated revenues of €86.6 million at the close of June 2005, Datalogic is Europe's largest manufacturer of laser and CCD barcode readers and portable data collection terminals (wireless and batch.
Through its subsidiary EMS Inc. in Scotts Valley, California, it also operates in the promising RFID market and is a recognized leader in the automotive, electronic-manufacturers and warehouse management systems (WMS) sectors.
Datalogic's extensive range of products can satisfy the most varied needs. For over 30 years, they have stood out for their top-rate technology, design and reliability. With over 950 employees worldwide, Datalogic is based in Lippo di Calderara di Reno, outside Bologna, Italy.