Checkpoint buying Mass. software firm

Posted: June 23, 2008

Checkpoint Systems Inc. said today that it has agreed to buy software developer OATSystems Inc. in an all-cash transaction expected to close in two weeks.

Financial terms were not disclosed.

Checkpoint, of Thorofare, Gloucester County, makes systems for retail tracking, security and merchandising.

The company said it expects the acquisition to dilute to earnings per share through 2009 and to enhance earnings after 2009.

OATSystems, which is headquartered in Waltham, Mass., makes software for radio-frequency identification tracking systems. Its clients include companies in the retail, consumer products, consumer electronics, manufacturing, life sciences, aerospace and defense industries.

OATSystems president and chief executive Michael George will continue to run the business as a unit of Checkpoint.

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