Avery Dennison Corp. recently announced that it has completed its previously announced acquisition of Smartrac’s Transponder business for the purchase price of €225 million (approximately $248.1 million), subject to customary adjustments. Smartrac develops and manufactures RFID inlays. According to Avery Dennison, the company has strong research and development capabilities, as well as a proven track record for developing and commercializing effective, high-value, and high-quality RFID products.

Learn more at www.averydennison.com. Smartrac can be found online at www.smartrac-group.com.