Control Print, integrated coding and marking solutions provider, announced the acquisition of a majority stake in Codeology Group, a UK-based provider of print and apply systems. As a part of the deal, Control Print has acquired 50.49 per cent of the stake in the company for £ 1 million. Control Print plans to use Codeology’s Print and Apply systems in the Indian market in the next three months.
The acquisition will help Control Print get a toehold in the UK market, leading to new growth opportunities. It also plays a significant role in the growth and market expansion of Codeology. With Codeology’s expertise in designing and producing Print & Apply Systems, Control Print aims to offer these products to their customer base in existing geographies.
Control Print’s past acquisitions include Netherlands-based Markprint BV, which acquired a 75 per cent stake in 2022 for €1.5 million through its Dutch Holding Company Control Print B.V. Additionally, the company recently launched QRiousCodes, QR codes-based track and trace solutions. It leverages Non-Fungible Tokens (NFTs) technology connecting unique identification numbers of products to NFTs through QR codes.