MCF advised Voyantic on the sale to Impinj
Voyantic Oy (“Voyantic”), a trusted provider of RAIN RFID test and measurement solutions, was acquired by Impinj, Inc. (“Impinj”), a wireless RAIN RFID communication technology company. Through this strategic transaction, Impinj, which is a U.S. public company with shares trading on the NASDAQ stock exchange, is complementing its offering of RAIN solutions within assembly, embedding, and testing concepts, thus expanding its offering of end-user solutions.
The Deal
Impinj sees that Voyantic’s RAIN RFID test and measurement solutions enable closer engagement with label & service bureau partners and advance Impinj platform’s leading position in RAIN quality, reliability, and readability. Voyantic sees that the transaction creates more opportunities to grow and strengthen offering to the RAIN RFID industry. Furthermore, the parties view their values and cultures highly similar – valuing expertise and achievement.
The Target
Voyantic was founded in Finland in 2004 and is a respected global market leader in providing RAIN RFID test and measurement solutions for the RAIN RFID industry. Voyantic’s solutions are used by inlay and label manufacturers, technology vendors, service bureaus and end users. The company has more than 2,000 installed systems in more than 40 countries across the globe.
About Impinj
Impinj (NASDAQ: PI) helps businesses and people analyse, optimise, and innovate by wirelessly connecting billions of everyday things – such as apparel, automobile parts, luggage, and shipments – to the Internet. The Impinj platform uses RAIN RFID to deliver timely data about these everyday things to business and consumer applications, enabling a boundless Internet of Things. If it’s a thing, the Impinj platform can connect it. The company enables digital transformation by extending the Internet’s reach from the cloud, through edge connectivity devices, all the way to physical items.
