NEWS – CNYBJ Article: JADAK merges with Massachusetts firm that had same parent company
August 6, 2015 - Barcode Decoding, Barcode Scanner, Barcode Scanners, Direct Part Mark Readers, Embedded Machine Vision, Fixed Mount Barcode Scanners, Fixed Mount Machine Vision, Fixed Mount RFID, Handheld RFID Scanners, Industry News, JADAK News, Machine Vision, Machine Vision Services, Machine Vision Software, News, OEM Barcode Scan Engines, Product News, RFID, RFID, RFID Services
CICERO — JADAK, LLC has merged with Bedford, Massachusetts–based General Scanning Printer Technologies, a firm that JADAK parent GSI Group Inc. also owns.The process didn’t involve a financial transaction, says Jeffrey Pine, co-founder and vice president of business development at JADAK. He spoke with CNYBJ on July 2.
JADAK is a Cicero–based a manufacturer of machine vision, radio-frequency identification (RFID) and bar-code products for the health care and life-science industries.The firm also operates offices in the Netherlands, China and now Massachusetts, according to its website. With the addition of General Scanning Printer Technologies, JADAK now develops and sells real-time, chart recorder and thermal-printer technology for time-based, data logging, the firm said in a news release issued June 24. Pine considers June 24 as the launch date for the newly combined company, he says.
Pine called the merger of JADAK and General Scanning Printer Technologies a “collaborative idea” between JADAK and GSI Group. Bedford, Massachusetts–based GSI Group (NASDAQ: GSIG) owns both companies, which work “extensively” with medical-device, original equipment manufacturers (OEMs), according to the release.
GSI purchased JADAK in the first quarter of 2014, says Pine. GSI is a holding company that [allows] each company to operate on its own. But the GSI Group also works with its companies to identify areas in which they can help each other.” In this case, both the GSI management and JADAK management recognized an opportunity for JADAK and General Scanning Printer to become one in order to have more efficiencies and be able to better serve our medical customers,” says Pine. The companies involved started discussing the merger “at the beginning of the year,” says Pine. In February and March, they started organizing plans for “integrating the teams and talking to each other about what we wanted to do,” he adds. As the process continued, the engineering teams met. The product manager for the printer group met the JADAK sales team and offered training. Officials from both firms compared notes on the other company’s procedures, “making sure we understood how each other operates, and adjusting as needed,” he says. JADAK had some customers that [General Scanning] Printer didn’t have and [the Massachusetts firm] had some customers that JADAK didn’t have, so the merged company has a “larger” customer base, says Pine. “JADAK gets to expand its product portfolio by adding the [Printer] chart-recorder line to our portfolio and the Printer group gets the benefit of a larger engineering team, more sales support, more feet on the street, so that their products are getting out there more,” he adds.
The combination of these two companies will also “benefit” customers who need to collect and document data in other industries, such as industrial automation, lottery and gaming, kiosk and customer engagement, law enforcement, telemetry and environmental sciences, according to JADAK’s news release. The Cicero firm’s customer base includes the majority of the “top 200 medical-device manufacturers” in the world, but he declined to name any specific clients. “General Scanning chart recorders are known all over the world as the industry standard for elite chart-recording solutions, with sharp data output with resolutions up to 800 dots per inch,” David Miller, president of JADAK, said in the company news release. “By joining forces with General Scanning, JADAK is able to bring additional value to our medical customers, many of whom also have a need for chart recorders. It gives them a ‘one-stop shop’ for their data collection, chart recorder and thermal-printer needs.”
JADAK employs 165 people, most of whom are full-time employees. Most of the employees work at the Cicero location, while 25 work in Bedford, Massachusetts. The firm has 2 employees in China and 9 in Breda, Netherlands.The firm hopes to add between three and five employees before the end of 2015. JADAK cut one job, an operations-manager position at General Scanning, following the merger, says Pine. At the same time, the engineering and product managers at the Massachusetts firm remained with the company and now report to JADAK. The firm operates in a 55,000-square-foot facility at 7279 William Barry Blvd. in Cicero. JADAK leases its facility from the Salina–based Edgewater Company. The name JADAK comes from the first-name initials of its founders, Jeff Pine, David Miller, and Kim Little (who has since retired). They added the vowel “A” to separate the initials, which are all consonants.
BY ERIC REINHARDT