(NewsDirect)
Spectra Systems Corporation CEO NabilLawandy joined Steve Darling from Proactive to share news the companyhas announced a significant acquisition that strengthens its positionin the authentication technology sector. The company has added CartorHoldings Limited to its portfolio in a deal worth $10.5 million.
This strategic acquisition isexpected to have a positive impact on Spectra Systems' profitmargins, particularly in the production of polymer substrates. Byintegrating Cartor Holdings into the company, Spectra Systems aims toenhance its competitive position in the market, further solidifyingits status as a key player in the authentication technology industry.
Spectra Systems has been workingclosely with Cartor for the past two years to develop high-qualityconventional and machine-readable polymer substrates. These substratesare essential for various applications, including printing banknotesand security documents for central banks.
The acquisition ofCartor Holdings aligns with Spectra Systems' goal of streamliningits production supply chain and delivering top-notch solutions to itsclients. This strategic move demonstrates Spectra Systems'commitment to innovation and growth in the authentication technologysector, ultimately benefiting its customers and shareholdersalike.
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