RFiD Discovery’s parent company acquires a controlling interest in RTLS specialist Apitrak
Expansion of RFiD Discovery's asset tracking solutions and expertise
RFiD Discovery is delighted to announce that its parent company, Paragon ID has acquired a controlling interest in Apitrak, a French company specialising in Real-Time Location Systems (RTLS).
Having already established itself as the market leader in the UK for locating assets and people within NHS hospitals, the RFiD Discovery solution has also been successfully deployed in several major industrial installations, and this acquisition in France will support the continued expansion of its RTLS offering.
Paragon ID and Apitrak commenced their partnership in May 2020 with the signing of an agreement to jointly develop cloud-based location tracking solutions. Over the past twelve months, this partnership has resulted in the successful deployment of multiple installations combining the best features of the RFiD Discovery and Apitrak systems. The multi-technology location tracking IoT platform has been adopted in medical and industrial environments, both in the UK and in France.
Arron Duddin, Smart Solutions Director at RFiD Discovery comments:
“We are delighted that our relationship with Apitrak has been cemented by this acquisition. Right from the start it’s been an exciting journey with the signing of a number of contracts in Summer 2020, including deployments to track the locations of ventilators and other key assets in Covid-19 wards. In addition, we have deployed a number of solutions in industrial environments and successfully responded to public tenders. This acquisition is a huge step forward in our plan to become a global provider for location tracking solutions.”
Vincent Lê, CEO Apitrak adds:
“This past year has been very rewarding, and we have greatly appreciated the work we have done with the RFiD Discovery team, particularly on the development of cutting-edge tracking solutions for clients with a wide variety of issues and needs. It seems natural for us after this year of collaboration to join Paragon ID and continue our work together with the goal of bringing technological advances to our customers in asset and inventory tracking as well as people protection applications."