Datalogic acquires Evolution Robotics Retail
New York Datalogic S.p.A. has acquired Evolution Robotics Retail, Pasadena, Calif., a loss prevention company, for $25.5 million. Evolution 's LaneHawk system, which addresses bottom-of-the-basket theft with visual pattern recognition technology, is deployed in more than 1,000 U.S. stores, with another 2,500 stores under contract to install it, the company said.
Datalogic, based in Bologna, Itay, is a producer of bar code readers, data collection mobile computers, barcode, RFID and vision systems for the industrial automation sector.
We were looking for a strong company with which to align and we could not be more pleased with Datalogic as our partner and parent company," said Alec Hudnut, CEO, Evolution Robotics Retail. "We fully expect that Datalogic's strong position in the retail sector, its expansive distribution network and global reach and its access to other industrial-based applications will allow us to propel our company further and faster than we could otherwise do on our own."