Princeton-based Systech International said Tuesday it will be acquired by Dover Corp., a diversified global manufacturer that delivers equipment, components, specialty systems, consumable supplies, software, digital solutions and support services.
Systech protects pharmaceutical and consumer brands across the global supply chain. Systech says it provides digital brand protection solutions for 19 of the top 20 global pharmaceutical manufacturers and is expanding with innovative and proven solutions in personal care, cosmetics, wine and spirits, and medical devices.
Terms of the deal were not disclosed. The transaction is expected to be completed in the first quarter of 2020 and is subject to satisfaction of customary closing conditions.
Atlas Technology Group and Chiesa Shahinian & Giantomasi PC acted as financial advisor and legal advisor, respectively, to Systech.