financialexpressApril 28, 2017
Tag: ACG , acquisition
As part of the acquisition, ACG Inspection Systems has acquired all the assets and IP of IN2trace, part of the IN2 group
As part of its strategic international expansion plan, ACG Inspection Systems, a leader in pharmaceutical track and trace, has acquired Croatia-based serialisation enterprise company IN2trace, for an undisclosed amount.
Speaking on the occasion, Ettore Cucchetti ,CEO, ACG Inspection Systems, said, "Acquiring IN2trace is another key step towards consolidation of our global footprint in the track and trace business. It creates a strong manufacturing, support and development base for ACG Inspection is Europe, increases our serialisation expertise and expands our enterprise level product portfolio. We see this acquisition as a key driver for the adoption of advanced serialisation technology by pharma manufacturers."
Commenting on the acquisition, Kresimir Duracic, MD, IN2trace added, "This is a great opportunity to increase our penetration within the global pharma industry. Our IN2trace serialisation framework provides full regulatory compliance, includes warehousing solutions and integrates with 3rd party cloud solutions."
As part of the acquisition, ACG Inspection Systems has acquired all the assets and IP of IN2trace, part of the IN2 group. ACG Inspection Systems is a wholly-owned group company of ACG. The company plans to set up an additional office close to Zagreb airport and rapidly ramp up development, manufacturing and service operations.
The ACG group also has a large operation in Croatia with ACG Lukaps, a leading manufacturer of hard capsules and a major supplier to pharma companies in Europe and Russia. IN2 group and ACG Inspection System plan to partner on future developments for the pharmaceutical industry. IN2 group will continue developing and implementing serialisation solutions for non-pharma industries including food and beverage, tobacco, electronics and automotive, etc.
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