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D-O Acquires Source Technologies’ Thermal Printer Business

Datamax-O’Neil Acquires Source Technologies’ Thermal
Printer Business to Complement its Stationary Printer
Portfolio


The acquisition is part of Datamax-O’Neil’s long-term external growth
strategy to gain market share and strengthen its position in the global
Auto-ID market.

ORLANDO, FL – May 31, 2013 - Datamax-O’Neil, a global provider of label and
receipt printing solutions, has acquired the thermal printer assets of Source
Technologies, a leading provider in specialized printing solutions based in
Charlotte, North Carolina. Established in 1986, Source Technologies has
specialized in secure MICR printing solutions, and will remain a strong entity in this
market under new ownership. Terms of the agreement were not disclosed.
 

“The addition of these new products into our already strong stationary printer
portfolio positions us and our channel partners around the world to be more
competitive and achieve greater market share,” said Paul Sindoni, president of
Datamax-O’Neil. “This acquisition represents another step in our strategy to
position ourselves as a global market and technology leader and clearly reflects
our continued commitment to grow our strength within the industry and our partner
community.”
 

Source Technologies thermal printer assets will be fully integrated into Datamax-
O’Neil over a two-month period, and the printers will be marketed under the
Datamax-O’Neil brand. Source Technologies’ Florida-based engineering team will
be transferred to Datamax-O’Neil’s Orlando, FL operations.

The state-of-the-art printers represent over three years of intense research and
development with considerable company investment and resulted in 12 provisional
patents. All ST Performance series printers are designed to use PCL5e, an
industry standard printer language, which alleviates integration difficulties often
caused by proprietary languages. The printers are easy to use, and offer reliability
and performance at an affordable price.

About Datamax-O’Neil
Datamax-O’Neil is a trusted global provider of stationary and portable label and receipt printing
solution products that enable manufacturing and supply markets to capture the benefits of
automated product identification and automated legal and financial transactions. Datamax-
O’Neil is the barcode and mobile printing business group of Dover’s Product & Identification
segment. The company’s products address a wide variety of applications, including those in
the industrial, healthcare, retail, automotive and ticketing market sectors. Datamax-O’Neil is
headquartered in Orlando, Florida, and maintains key facilities in California, Illinois, and
France, as well as sales and technical support offices around the world.

Contact

Chip Glisson
Marketing Communications Manager

+1 407 523 5562
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