Datalogic - MM

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06/29/2011 Datalogic hires Tamburi, Palazzari and Turries and other advisers to make bolt-on acquisitions, CEO says
Proprietary Intelligence
Bidder
Datalogic SpA
TS DS
Financial Palazzari & advisor Turries Financial Tamburi advisor Investment Partners SpA Sectors
TS
Story
Datalogic (DAL:IM), the listed Italian laser and barcode scanner maker, is interested in acquisitions, chief executive Mauro Sacchetto said in an interview with this news service. The company aims to spend up to EUR 100m in buys worth an enterprise value of up to EUR 20m each. Sacchetto explained that Datalogic has tried to close a transformational acquisition for which it was ready to launch a rights issue, however plans have been dropped given the high price required by the vendors, which Sacchetto declined to name. The company aims to acquire producers of items for industrial automation, specifically in the fields of unattended technology and the management of vision and weight. Further targets of interest are software houses with a focus on the artificial intelligence for the management of vision, Sacchetto said. Geographic areas of interest are the US, the BRIC countries (Brazil, Russia, India and China), and Western Europe. The company would finance potential buys with its own resources, but it would also assess acquisition financing proposals, Sacchetto said. Tamburi Investment Partners, Palazzari and Turries, and other firms that the chief executive declined to mention are assisting Datalogic in the acquisition process. Shareholders in the company include investment vehicle Hydra (68.4%), Tamburi Investment Partners (6.4%), DAmico Societa di Navigazione (2.03%), and Datalogic itself (7.5%). Datalogic's shares were trading today, Wednesday 29 June, at EUR 6.195 for a total market capitalisation of EUR 353.2m. In 2010 the company posted revenues of EUR 393m, of which 68% was in the automatic data capture market, and 23% in the industrial automation market. EBITDA in 2010 rose to EUR 49.8m from EUR 19.6m in 2009. Datalogic's net profits in 2010 were EUR 18m after a net loss of EUR 12m in 2009. Furthermore Datalogic expects a positive net financial position of up to EUR 20m. By 2012, Datalogic expects to generate revenues of up to EUR 450m, with up to EUR 77m in EBITDA, and net profits of up to EUR 40m. It aims to invest 8% of revenues per year in R&D.
Industrial: Electronics
SubSectors Analytical and scientific instrumentation Topics Advisory Appointment Market Entry Other M&A Intelligence Acquisition Finance Bolt on/Opportunistic Cross Border Other Argentina Austria Belgium Brazil Chile China Denmark Finland France Germany Ireland (Republic) Italy Malaysia Netherlands Portugal South Korea Spain Sweden Switzerland Thailand Turkey United Kingdom Uruguay USA Confirmed
Intel Type
Countries
Intel. Grade
Intelligence 1190120 ID
Source Value
http://www.mergermarket.com/intelligence/intelligenceDetail.asp?id=21642&mode=4&so... 8/18/2011
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Stake Value more than 30% inclusive
05/09/2011 Datalogic's Wasp barcode considering acquisitions to boost growth Story Wasp Barcode Technologies, the Plano-Texas, based subsidiary of the Italian tech company, Datalogic SpA, would be willing to make acquisitions to accelerate its growth rate, Wasp's general manager Tom O'Shea was cited as saying in an article published in the 22-28 April edition of the Dallas Business Journal. O'Shea said that while no deals were imminent, the tracking technologies company was willing to look at buyouts of company's that would assist it in filling out its suite of products, which are barcode-based and marketed to small businesses. The MD referred in the report to Wasp's signing on of a Canadian sales and marketing firm, CroninCo Corp., as an effort to help it expand the 2% of total revenues that it gets from Canada to 10 to 15%. Wasp attained revenues of USD 20.4m in 2010, according to the report.
Bidder Bidder
Datalogic SpA Wasp Barcode Technologies
TS DS DS
Sectors
SubSectors Analytical and scientific instrumentation Topics Intel Type Countries Market Entry Bolt on/Opportunistic Cross Border Canada Italy USA Confirmed
Intel. Grade
Source Value
Dallas Business Journal USD 503m (Market Capitalisation of Datalogic on 31 March 2011.)
03/31/2011 Datalogic keen on transformational acquisitions, could finance via rights issue, CEO says
Target Bidder
Cognex Corporation Datalogic SpA
TS DS TS DS TS
Story
Datalogic (DAL:IM), the listed Italian laser and barcode scanner maker, is keen on transformational acquisitions, chief executive Mauro Sacchetto said. Transactions may be worth an enterprise value of up to EUR 150m, and would likely be financed by a rights issue, the CEO said. The company aims to acquire producers of items for industrial automation, specifically in the fields of unattended technology and the management of vision and weight, Sacchetto said. The company would finance potential buys with a rights issue. Also, Datalogics current leverage is of 2x EBITDA, which could be pushed up to 3.5x or 4x, Sacchetto said. Shareholders in the company include investment vehicle Hydra (67%), Tamburi Investment Partners (6.4%) and Datalogic itself (5.5%). A banker familiar with Datalogic suggested the industrial automation units of NASDAQ-Listed Cognex (CGNX:US) and of Siemens (SIE:GR), the Frankfurtlisted Industrial giant, as suitable targets for the Italian
Financial Tamburi advisor Investment Partners SpA Target Bidder Bidder Sectors Cognex Corporation Datalogic SpA Datalogic SpA
TS DS TS DS TS DS
SubSectors Analytical and scientific instrumentation Topics Advisory Appointment Capital Raises Market Entry Other M&A Intelligence Acquisition Finance Bolt on/Opportunistic Cross Border Large/Transformational Acquisitions Rights Issues
Intel Type
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company. The banker said that the companies are not holding talks. Sacchetto commented that the industrial automation unit of Siemens, would not be of interest, but did not elaborate further. On the other hand the unattended technology unit of Cognex would be expensive to buy, given the US competitor's market capitalisation. Cognex has revenues of EUR (USD 261m). At the close of trading Wednesday 30 March, the shares of Cognex were priced at EUR 20.09 (USD 28.48) for a total market capitalisation of EUR 814m (USD 1.154bn). In 2010 Cognex generated revenues of EUR 205.11m (USD 291m). Siemens and Cognex said that they are not planning disposals. A second banker familiar with Datalogic said the company is looking for producers of barcode readers to be applied to the industrial automation space. The banker speculated the company aims to finalize a transaction in the near term. The banker went on to say that Datalogic's management is looking to buy distressed companies holding a wide and wellestablished client base as these will be easy preys. Datalogics competitors in industrial automation are large conglomerates mainly Siemens, Honeywell and Cognex. All of these multinationals are unlikely to divest assets in industrial automation because the market is picking up again and it would make no strategic sense to sell at this stage, the banker said. Datalogics targets are EU and US-based as only European and US companies hold patents in industrial automation, the banker added. Despite the crisis in Japan, the economic outlook in industrial automation is still positive and big industrial companies are expected to invest in this market niche, the banker said. In 2010 Datalogic acquired Evolution Robotics Retail in the US. Deutsche Bank advised the Italian company that completed the buy in order to increase its patents portfolio rather than its clients base, said the banker. In 2005 Datalogic acquired US-based PSC Inc and it financed the transaction with a capital increase. The banker said that the management is aware that a capital increase will be easily approved because of the shareholding structure of Datalogic. Romano Volta holds 67% shares through Hydra and has so far subscribed to all previous cash calls. The banker also explained that Datalogic controls 5% of its own shares, which could also be used as a financing option. Any selected targets could be offered a share swap representing between 3%-5% of Datalogics shares. Because the company is in a healthy financial shape, it would not be an issue raising debt, the banker concluded. Datalogic's shares were trading today, Thursday 31 March, at EUR 6.1 for a total market capitalisation of EUR 351.5m. In 2010 the company posted revenues of
Countries
Austria Belgium Denmark Finland France Germany Ireland (Republic) Italy Netherlands Portugal Spain Sweden United Kingdom USA Confirmed
Intel. Grade
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EUR 393m, of which 68% was in the automatic data capture market, and 23% in the industrial automation market. EBITDA in 2010 rose to EUR 49.8m from EUR 19.6m in 2009. Datalogic's net profits in 2010 were of EUR 18m after a net loss of EUR 12m in 2009. By 2012 Datalogic expects to generate revenues of EUR 430m with a EUR 65m EBITDA, while it aims to invest 8% of revenues per year in R&D.
Source Value
Proprietary Intelligence USD 496m (Market Capitalisation of Datalogic on 31 March 2011.)
02/28/2011 Zebex keen on M&A talks with Datalogic, sources say

Target Bidder
Zebex Industries Datalogic SpA
DS TS DS
Story
Zebex [Ju Hao Shi Ye], a Taiwan-based maker of barcode products, is keen on holding M&A talks with its listed competitor Italy's Datalogic, said a source familiar with Zebex strategy. The source said the global top three manufacturers of barcode products -- Datalogic, Motorola, and Honeywell - - might regard Zebex as a major main competitor in the Chinese market. Zebex has ruled out a purely financial investment, but would welcome approaches from industry players like Datalogic that would bring both capital and technology, said the source, who said nothing is on the table at the moment. The clients of Zebex in China are retailers (60%) and Governmental offices (40%), the source said. In a separate interview, a source familiar with the situation said Datalogic might find Zebex a good fit given its market share and the business segments in which it operates. However, the source said, the companies are not in talks at the moment. Datalogic has reportedly hired Palazzari and Turries to advise on Chinese acquisitions. Sherry Lin, president and CEO, owns more than 75% of Zebex; the management team holds the remainder. Zebex has more than 150 employees and expects to report earnings per share (EPS) of USD 0.27 (TWD 8) in 2010; the source said. Established in 1987, Zebex exports primarily to emerging markets - especially the BRIC countries, Brazil, Russia, India and China, which constitute 30%40% of its annual sales. It has nine product lines: handheld scanners, hands-free scanners, in-counter scanners, scan engines, scan modules, data collectors, proprietary terminals, handheld computers and fixed
Financial Palazzari & advisor Turries Other Other Sectors Motorola Solutions, Inc. Honeywell (ADI) Computer: Hardware Computer services Computer software
SubSectors Computer peripherals Data processing Operating systems and systems-related software Optical scanning equipment PDA/hand-held devices Application software products Software development Topics Advisory Appointment Advisory Invitation (Bankers, Other) Family Owned/Closely Held Companies for sale Cross Border Italy Taiwan Strong evidence
Intel Type Countries Intel. Grade
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computers, according to its website. At the close of trading on Friday 25 February, Datalogic's shares were trading at USD 8. 14 (EUR 5. 9) giving a total market capitalization of USD 488.63m (EUR 354.49m).
Source Value
Proprietary Intelligence USD 20m (turnover in 2008)
02/18/2011 Newland Computer seeks buys in China and overseas partnerships for sales expansion, source says
Bidder Other Other Other Other
Fujian Newland Computer Co. Ltd. Honeywell International Inc Motorola Solutions, Inc. Datalogic SpA Symbol Technologies Inc
TS DS
Story
Newland Computer [Xin Da Lu Dian Nao] (SHE: 000997), a Fujian-based listed computer company, is eyeing opportunistic buys of targets with bar-code technology in China, a person familiar with the company said. It could also seek joint venture or business alliance partners in Europe, North America and Taiwan. An in-house investment team is seeking potential acquisition targets, however financial advisors with referrals would be entertained, as the company feels it is hard to find ideal targets in China, he added. Acquisitions could be financed by its own cash, bank loans, a new shares issuance or a mix of these. With the rapid growth in the industry in China, the CNY 9.65bn (USD 1.48bn) market cap company wants to reinforce its production capability, and promote sales and research & development through local acquisitions, the person said. Newland Computer set up three subsidiaries in Europe, North America and Taiwan for sales expansion in 2008 and 2009. The strategic partners could help Newland foster sales in these regions, the person noted. Newland Computer signed a business alliance partnership with Italy-based automatic identification and data company Datalogic in November 2010. It was then reported by local media that Newland could further acquire Datalogic or seek a JV with it. The person familiar said that it could seek a JV with Datalogic in the future, but dismissed the possibility of acquiring it as Datalogic is too big to swallow. Datalogic forecast revenue of EUR 430m (USD 583.51m) in 2012, according to a previous report. The main competitors in the auto identification space in the Chinese market include US-based Honeywell and Symbol Technologies, which was acquired by Mortorola in 2007 for USD 3.9bn. by Yue Yang in Shanghai
Sectors
Computer: Hardware Computer software
SubSectors Computer mainframes Computer peripherals Minicomputers Operating systems and systems-related software Optical scanning equipment PDA/hand-held devices Application software products Software development Systems integration Voice synthesis/recognition equipment Topics Advisory Invitation (Bankers, Other) Joint Ventures/Partnerships Other M&A Intelligence Bolt on/Opportunistic Cross Border Takeover situations Antigua Aruba Austria Barbados Belgium Bermuda British Virgin Islands Bulgaria Canada Cayman Islands
Intel Type
Countries
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Source Value
Proprietary Intelligence USD 1,480m (market cap of newland computer)
Stake Value N/A
China Cuba Cyprus Czech Republic Denmark Estonia Finland France Germany Greece Grenada Hungary Ireland (Republic) Italy Jamaica Latvia Lithuania Luxembourg Malta Mexico Netherlands Poland Portugal Puerto Rico Romania Saint Lucia Slovakia Slovenia Spain Sweden Taiwan Trinidad & Tobago United Kingdom USA Intel. Grade Strong evidence
02/17/2011 Zebex an attractive target for barcode reader manufacturers, source says
Target Bidder Bidder Other
Zebex Industries Honeywell International Inc Datalogic SpA Fujian Newland Computer Co. Ltd.
DS TS DS TS DS
Story
Zebex [Ju Hao Shi Ye], a Taiwan-based maker of barcode products, would welcome talks with industrial players for an outright sale, a company source said. Zebex, which has an estimated registered capital of TWD 120m (USD 4m), has not decided whether it would appoint financial advisors to assist in the sale, the source noted. The company has a long-time Taiwan-based audit partner that is likely to be retained for any potential deal, the source said. A person familiar with the situation acknowledged that the process is ongoing, adding that approaches from industry buyers - in particular those from Europe and the US - who can bring both capital and technologies would be most welcomed. Pure financial investment is not what the company is currently looking for. Zebex could be attractive to its main overseas competitors, the company source said, pointing to the
Sectors
Computer: Hardware Computer services Computer software
SubSectors Computer peripherals Data processing Operating systems and systems-related software Optical scanning equipment PDA/hand-held devices Application software products Software development Topics Family Owned/Closely
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likes of Italian barcode reader manufacturer Datalogic SpA and American market leader Honeywell. He said he believes Zebexs well-known omni-directional technology could be a complementary fit to those companies. China-based Fujian Newland Computer (SHE: 000997) also expressed interest in Zebex last year, but the talk did not progress due to a disagreement on price, another person familiar with the situation said. Newland Computer declined to comment. A previous report by this news service in 2008 said Zebex would welcome approaches from strategic investors and was also open to an outright sale. However, according to the second person familiar with the situation, the talks were suspended for a while due to an ownership reshuffle which saw the company's largest shareholder replaced by a board member. The company only revived the trade sale plan in 2010, the person added. Sherry Lin, president and CEO, owns more than 75% of Zebex and the management team holds the remaining stake. Zebex has more than 150 employees and expects to report earnings per share (EPS) of TWD 8 (USD 0.27 ) in 2010; the current share price is around TWD 10, the company source said. Zebex had an EBIDTA margin of 22% in 2007 and an average annual turnover of USD 20m, according to its former CEO Jerry Liao in a previous report by this news service in 2008. Established in 1987, Zebex exports products to primarily emerging markets - especially the BRICS (Brazil , Russia, India and China), which constitute 30%-40% of its annual sales. It has nine product lines: handheld scanners, hands-free scanners, in-counter scanners, scan engines, scan modules, data collectors, proprietary terminals, handheld computers and fixed computers, according to its website.
Held Intel Type Companies for sale Cross Border Other China Italy Taiwan USA Strong evidence
Countries
Intel. Grade
Source Value
Proprietary Intelligence USD 20m (turnover in 2008)
Stake Value 100%
02/03/2011 Datalogic hires Palazzari and Turries to advise on Chinese acquisitions, sources say
Bidder
Datalogic SpA
TS DS
Financial Palazzari & advisor Turries Financial Tamburi advisor Investment Partners SpA Target Sectors Datalogic SpA
TS
Story
Datalogic, the listed Italian laser and barcode scanner maker, is actively looking for acquisitions in the greater China area, sources with direct knowledge of the matter said. Datalogic has hired Palazzari and Turries, a boutique M&A firm based in Milan, Beijing and Hong Kong, as its financial adviser, said the sources. Palazzari and Turries declined to comment.
TS DS
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The sources said Datalogic is looking at distribution firms and producers of bar code readers worth an enterprise value of at least USD 50m (EUR 69m). Targets may be based in China, Hong Kong, Macao or Taiwan, while Singapore-based companies would be a second best target. Datalogic aims to increase its market share in China and production capability through acquisitions, said one of the sources. A Datalogic spokesperson declined to comment on the appointment of Palazzari and Turries, but quoted Chief Executive Mauro Sacchetto as reiterating the company's reported intention to increase its revenues by EUR 100m through acquisitions by 2012, and to launch a rights issue in 2011 in order to finance transformational buys. Tamburi Investment Partners (TIP) was previously reported by this news service as advising Datalogic to scout for targets located in West Europe and the US. TIP owns a 30% stake in Palazzari and Turries. Datalogic foresees an increase in its revenues of 11% and to post an EBITDA of EUR 45m by 2012. In 2009, Datalogic posted revenues of EUR 312m, an EBITDA of EUR 19.6m, an equity worth of EUR 116.69m, working capital of EUR 42.25m and a negative net financial position of EUR 100.5m. In 2010, Datalogic foresaw an increase in its revenues of 29%. On Wednesday 2 February, Datalogic shares were trading at EUR 6.05, giving it a total market capitalisation in the region of EUR 355.3m.
SubSectors Analytical and scientific instrumentation Topics Advisory Appointment Capital Raises Market Entry Other M&A Intelligence Acquisition Finance Bolt on/Opportunistic Cross Border Large/Transformational Acquisitions China Hong Kong Italy Macau Taiwan Strong evidence
Intel Type
Countries
Intel. Grade
Source Value
Proprietary Intelligence USD 491m (Market capitalisation of Datalogic on 2 Ferbuary.)
01/23/2011 Datalogic looks to buy foreign industrial automation companies Story Datalogic, the listed Italian laser and barcode scanner maker, is looking at buying foreign companies in the industrial automation sector, Milano Finanza reported. The report cited Mauro Sacchetto, the chief executive of Datalogic, who said that the group is looking at various dossiers. The report cited Sacchetto as saying that although the group can finance the buys, it has not ruled out a recapitalisation. Sachetto said the aim is to double Datalogic's turnover in the factory automation sector to EUR 60-100m. The item also cited Sacchetto as saying that Datalogic will restore its dividend. Sacchetto noted that Datalogic normally issued a payout of 28%, which would translate into a dividend of EUR 0.1 a share, the item
Bidder
Datalogic SpA
TS DS TS
Financial Tamburi advisor Investment Partners SpA Target Sectors Datalogic SpA
TS DS
SubSectors Analytical and scientific instrumentation Topics Capital Raises Market Entry Other M&A Intelligence Bolt on/Opportunistic Large/Transformational Acquisitions Rights Issues
Intel Type
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said. The report noted that Datalogic is predicting preliminary revenues of EUR 392.7m, up 26% on 2010.
Countries Intel. Grade
Italy Confirmed
Source Value
Milano Finanza daily edition USD 529m (Preliminary revenues estimated for 2011)
12/22/2010 Datalogic may launch rights issue in 2011 to finance transformational acquisitions, CEO says
Bidder
Datalogic SpA
TS DS TS
Story
Datalogic, the listed Italian laser and barcode scanner maker, aims to increase its revenues by EUR 100m through acquisitions by 2012, Chief Executive Mauro Sacchetto said. Shareholders in the company include investment vehicle Hydra (67%), Tamburi Investment Partners (6.4%) and Datalogic itself (5.5%). The shareholders may launch a rights issue in 2011 in order to finance transformational acquisitions, as Datalogic wants to increase its 2011 revenues by 29%, Sacchetto said without elaborating about the potential size of the operation. Datalogic could also push its leverage to 4x EBITDA from the current 2x EBITDA, and look for acquisition financing facilities from banks in order to finance buys. Tamburi Investment Partners is advising Datalogic to scout for targets located in West Europe and the US, said the CEO. Datalogic aims to acquire targets operating in the management of vision and weight with new technology in order to increase its product supply. In 2009, Datalogic posted revenues of EUR 312m, an EBITDA of EUR 19.6m, an equity worth of EUR 116.69m, working capital of EUR 42.25m and a negative net financial position of EUR 100.5m. In 2010, Datalogic foresees an increase in its revenues by 11% and posting an EBITDA of EUR 45m. Today, Wednesday 22 December, Datalogic shares were trading at EUR 5.96, giving it a total market capitalisation in the region of EUR 345m.
Financial Tamburi advisor Investment Partners SpA Sectors
SubSectors Analytical and scientific instrumentation Topics Advisory Appointment Capital Raises Market Entry Other M&A Intelligence Acquisition Finance Bolt on/Opportunistic Cross Border Large/Transformational Acquisitions Rights Issues Austria Belgium Denmark Finland France Germany Ireland (Republic) Italy Netherlands Portugal Spain Sweden United Kingdom USA Confirmed
Intel Type
Countries
Intel. Grade
Source Value
Proprietary Intelligence USD 453m (Market Capitalisation of Datalogic on 22 December 2010.)
Bidder
Datalogic SpA
TS DS
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11/21/2010 Datalogic looking to acquire factory automation company Story Datalogic, the listed Italian laser and barcode scanner maker, is looking to acquire a factory automation company, Borsa & Finanza reported. The report cited Mauro Sacchetto, the chief executive of Datalogic, who said the group is in talks with an investment bank that will support the operation. The company is looking to close the deal in the middle of next year, the report noted, adding that the deal could possibly be an allshare transaction. The buy could add EUR 100m to Datalogic's turnover, taking it to EUR 520m-EUR 530m, Sacchetto said.
Sectors
Computer: Hardware Industrial automation
SubSectors Industrial measurement and sensing equipment Machine vision systems Optical scanning equipment Process control equipment Robotics Topics Intel Type Countries Intel. Grade Other M&A Intelligence Bolt on/Opportunistic Italy Confirmed
Source Value
Borsa & Finanza USD 136m (Addition to turnover through buys)
11/14/2010 Fujian Newland Computer may acquire Datalogic or seek to form JVs with it - report Story Fujian Newland Computer [Xin Da Lu], a Fujian-based listed computer company, may acquire Datalogic, the Italian laser and bar code scanner maker. The China Business Journal reported citing an unidentified source as saying that Fujian Newland Computer may also seek to form a JV with Datalogic. An earlier Fujian Newland Computer announcement said the company has entered into a strategic partnership agreement with Datalogic. Datalogic forecasts revenue of EUR 430m in 2012, according to a previous report.
Target Bidder
Datalogic SpA Fujian Newland Computer Co. Ltd. Datalogic SpA Fujian Newland Computer Co. Ltd.
TS DS TS DS
Bidder Bidder
TS DS TS DS
Sectors
SubSectors Optical scanning equipment PDA/hand-held devices Application software products Topics Joint Ventures/Partnerships Other M&A Intelligence Cross Border Takeover situations China Italy Strong evidence
Source Value
China Business Journal USD 588m (revenue forecast in 2012)
Intel Type Countries Intel. Grade
Stake Value N/A
10/28/2010 Datalogic CEO does not rule out acquisition in anti-shoplifting sector by 2010 Story Datalogic, the listed Italian laser and barcode scanner maker, could soon make a new acquisition, reported Economy. The report, which cited Mauro Sacchetto, Datalogics chief executive, noted that the company does not rule out buying a business operating in the anti-shoplifting systems by the end of 2010.
Bidder Sectors
Datalogic SpA
TS DS
SubSectors Optical scanning equipment Application software
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products Datalogic forecasts revenue of EUR 430m in 2012. Topics Intel Type Source Value Economy USD 596m (Datalogic forecasted revenues in 2012) Countries Intel. Grade Capital Raises Other M&A Intelligence Bolt on/Opportunistic Italy Confirmed
10/05/2010 Datalogic has EUR 100m available for buys Story Datalogic, the listed Italian laser and barcode scanner maker, has EUR 100m available for buys, Milano Finanza reported. The report cited Marco Rondelli, Datalogic's chief financial officer. Rondelli said that a bigger warchest could have been gathered but noted that Rondelli did not want to increase its leverage beyond 3.5 times EBITDA. The report cited Rondelli as saying that a rights issue would be considered if the resources needed to be raised for a major buy. The report, without citing sources, said Datalogic was close to a European buy, with the target most likely a German company. The buy would be all-share, the item said. The report also claimed that Datalogic is likely to pay out a dividend totalling 28%-30% of its profits for 2010, thanks to the group's strong results.
Bidder Target
Datalogic SpA Datalogic SpA
TS DS TS DS TS DS
Vendor Datalogic SpA Sectors
Computer: Hardware
SubSectors Optical scanning equipment Topics Intel Type Capital Raises Other M&A Intelligence Bolt on/Opportunistic Cross Border Rights Issues Takeover situations Germany Italy Confirmed
Intelligence 1050010 ID Source Value Milano Finanza daily edition USD 138m (War chest available for buys)
Stake Value N/A
07/03/2010 Evolution Robotics acquired by Datalogic for USD 25.5m Story Datalogic announces the acquisition, through its subsidiary Datalogic Scanning Holdings Inc., of the entire share capital of Evolution Robotics Retail. Evolution is a company located in California with unique expertise in visual pattern recognition technology for use currently in retail loss prevention and productivity applications (Evolution Robotics Retail). The agreement was signed on July 1, 2010 with Future Vision Holdings, Inc. and Idealab, controlling companies of Evolution Robotics Retail. The entire management and technical team of Evolution Robotics Retail will remain with the company and continue to drive innovation in the retail sector while also working with Datalogic to promote its visual pattern recognition technology (ViPR) in other commercial and industrial arenas.
Target
Evolution Robotics Retail Inc Datalogic SpA
PEP
DS
Bidder Sectors
TS DS
Computer: Hardware
SubSectors Optical scanning equipment Topics Intel Type Countries Intel. Grade Other M&A Intelligence Deal announcements Cross Border Italy USA Confirmed
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Strategy The acquisition provides for a broadening of Datalogics solution-based offerings, adds an innovative and key technological capability and offers a high-growth business prospect. Furthermore, the aforesaid transaction will allow Datalogic to strengthen its own research activities thanks to the skills of world renowned vision technology experts and also to pursue a primary role in the promising visual pattern recognition industrial sector. The acquisition of patents and expertise in the area of vision-based technologies will allow Datalogic to develop a wide range of solutions based on visual pattern recognition. Regarding market share, the acquisition of Evolution Robotics Retails existing business will immediately reinforce Datalogics worldwide leadership in the retail sector. Furthermore, new visual pattern recognition solutions aimed at managing several other in-store applications will allow Datalogic to increase its penetration with major global retailers, most of whom are current Datalogic customers. Mauro Sacchetto, Datalogic Chief Executive Officer, commented on the acquisition as follows: "Even during these difficult economic times, Datalogic continues to seize bright opportunities for innovation and growth. This acquisition further strengthens our technological leadership with avantgarde technologies which are unique in the field of visual pattern recognition. For example, the companys applications are capable of automatically identifying items in shopping cart baskets utilizing sophisticated object recognition algorithms. We also believe that visual pattern recognition will be a key technological building block in our industrial focused businesses and we expect to capitalize on this soon. More fundamentally, as a company we are looking to further balance our portfolio by investing strongly in solution-based businesses and not just in hardware-based businesses thereby creating more value for our customers and positioning Datalogic as a more strategic partner. Our ability to detect and anticipate the needs of our customers and the market are, as always, the real drivers of Datalogic. Alec Hudnut, Evolution Robotics Retail Chief Executive Officer, anticipates a superb partnership with Datalogic to unfold, commenting, We were looking for a strong company with which to align and we could not be more pleased with Datalogic as our partner and parent company. We fully expect that Datalogics strong position in the retail sector, its expansive distribution network and global reach and its access to other industrial-based applications will allow us to propel our company further and faster than we could otherwise do on our own. Value of the transaction The value of the transaction is equal to USD. 25.5m. Evolution Robotics Retail has no debt and Datalogic
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funded the acquisition by means of its own financial resources. The financial statements as of 31 December, 2009, show that Evolution Robotics Retail realized revenues equal to USD 5.1m and a negative EBITDA equal to USD 2.7m. The value of the transaction is mainly constituted by intangible assets such as patents, trade secrets, copyrights and other intellectual property rights, licensing agreements and customer portfolios. Evolution Robotics Retail has five patents and eleven patent applications filed at the United States Patent and Trademark Office. Evolution Robotics Retail Evolution Robotics Retail was established in 2006 by Idealab, a creator and operator of technology companies, with the intent of focusing on the ViPR technology for use in loss-prevention applications in the retail sector. The Companys value proposition is to turn retail losses into real time profits. The companys flagship product, LaneHawk BOB, is used for loss prevention in the bottom-ofbasket at retail checkout and has gained broad acceptance with over 10,000 lanes installed in the U.S.A. Several follow-on products, utilizing the ViPR technology and focused on loss-prevention and productivity applications including LaneHawk InCartTM, ShelfHawkTM and TunnelHawkTM, are currently in pilot stage with major retailers in the U.S.A.
View full deal details Source Value Company Press Release* USD 26m (Deal value)
Stake Value 100%
05/10/2010 Datalogic looks to grow through buys in US and Europe Story Datalogic, the listed Italian laser and barcode scanner maker, is looking to grow through acquisitions, Il Sole 24 Ore reported. The report cited Chief Executive Mauro Saccchetto, who said the company was considering important acquisitions in Europe and in the US to double its turnover. The acquisition plan would accompany an internal growth strategy, Saccchetto added. As previously reported, Datalogic has an annual turnover of EUR 400m; revenues in the first quarter of 2009 were EUR 89.5m.
Bidder Sectors
Datalogic SpA
TS DS
Computer: Hardware
SubSectors Optical scanning equipment Topics Intel Type Countries Intel. Grade Other M&A Intelligence Bolt on/Opportunistic Cross Border Italy USA Confirmed
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Source Value
Il Sole 24 Ore USD 510m (Datalogic turnover)
02/16/2009 Datalogic CEO plans acquisitions in Far East Story Datalogic, the listed Italian laser and barcode scanner maker, aims to make acquisitions, according to La Repubblica Affari & Finanza. The report, which cited Roberto Tonioli, Datalogics chief executive, said that in the last few weeks the company has been considering the acquisition of targets with an interesting price. Tonioli added that if the potential target were acquired at around EUR 15-20m, the deal could be selffinanced. Datalogic will give priority to acquiring companies with their own research laboratories and based in the Far East, concluded the report. Datalogic has revenues of around EUR 400m. La Repubblica (Affari e Finanza) USD 26m (value of potential target)
Bidder Sectors
Datalogic SpA
TS DS
Computer: Hardware
SubSectors Optical scanning equipment Intel Type Countries Intel. Grade Bolt on/Opportunistic Cross Border Italy Confirmed
Source Value
03/04/2008 Datalogic is on the lookout for US buys Story Datalogic, the listed Italian laser and barcode scanner maker, is on the hunt for US targets, Borsa & Finanza reported. The report cited Roberto Tunioli, Datalogics chief executive, who said that the group was on the lookout for good opportunities. Datalogic closed 2007 with turnover of EUR 404m, up 6% on the previous year, the report concluded. Borsa & Finanza USD 614m (2007 turnover)
Bidder Sectors
Datalogic SpA
TS DS
Computer: Hardware
SubSectors Optical scanning equipment Intel Type Countries Intel. Grade Bolt on/Opportunistic Italy USA Confirmed
Source Value
03/11/2001 Datalogic to raise funds for US expansion via IPO Story Datalogic, an Italian manufacturer of bar code readers and portable data collection terminals, is to launch an IPO next week on the Milan Stock exchange, using the proceeds to fund its expansion in the US. The company will sell around 2.65m shares at a maximum price of EUR 28.5 a share, raising up to EUR 75.4m. Datalogic posted net income of EUR 6.56m on turnover of EUR 103.96m in 2000. Il Sole 24 Ore 75m (maximum raised capital)
Target Sectors
Datalogic SpA
TS DS
Source Value Stake Value
SubSectors Batteries and Power supplies Electrical components Fibre optics and electric cabling Analytical and scientific instrumentation Intel Type Bolt on/Opportunistic Large/Transformational Acquisitions Italy USA Confirmed
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Datalogic - MM

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Stake Value more than 30% inclusive

Datalogic SpA Wasp Barcode Technologies

Stake Value more than 30% inclusive

Cognex Corporation Datalogic SpA

Proprietary Intelligence USD 496m (Market Capitalisation of Datalogic on 31 March 2011.)

Stake Value more than 30% inclusive

02/28/2011 Zebex keen on M&A talks with Datalogic, sources say

Zebex Industries Datalogic SpA

Intel Type Countries Intel. Grade

Proprietary Intelligence USD 20m (turnover in 2008)

Stake Value more than 30% inclusive

Bidder Other Other Other Other

Computer: Hardware Computer software

Proprietary Intelligence USD 1,480m (market cap of newland computer)

Stake Value N/A

Target Bidder Bidder Other

Computer: Hardware Computer services Computer software

Proprietary Intelligence USD 20m (turnover in 2008)

Stake Value 100%

Proprietary Intelligence USD 491m (Market capitalisation of Datalogic on 2 Ferbuary.)

Stake Value more than 30% inclusive

Countries Intel. Grade

Stake Value more than 30% inclusive

Financial Tamburi advisor Investment Partners SpA Sectors

Proprietary Intelligence USD 453m (Market Capitalisation of Datalogic on 22 December 2010.)

Stake Value more than 30% inclusive

Computer: Hardware Industrial automation

Borsa & Finanza USD 136m (Addition to turnover through buys)

Stake Value more than 30% inclusive

Computer: Hardware Computer software

China Business Journal USD 588m (revenue forecast in 2012)

Intel Type Countries Intel. Grade

Stake Value N/A

Computer: Hardware Computer software

SubSectors Optical scanning equipment Application software

Stake Value more than 30% inclusive

Datalogic SpA Datalogic SpA

Vendor Datalogic SpA Sectors

Countries Intel. Grade

Stake Value N/A

Evolution Robotics Retail Inc Datalogic SpA

Stake Value 100%

Il Sole 24 Ore USD 510m (Datalogic turnover)

Stake Value more than 30% inclusive

Stake Value more than 30% inclusive

Stake Value more than 30% inclusive

Source Value Stake Value

Countries Intel. Grade

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