We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2022
    • Upload Your Video
Home » Peak Technologies and SCS merge to join forces in automatic ID and data capture sector

Peak Technologies and SCS merge to join forces in automatic ID and data capture sector

Private equity-backed firms have acquired a combined 21 logistics tech providers since 2020.

scs_wireless.jpeg
August 3, 2022
DC Velocity Staff
No Comments

The private equity firm Sole Source Capital is merging two of its portfolio companies in the automatic identification and data capture (AIDC) sector, saying that the combination of Peak Technologies and Supply Chain Services (SCS) creates a full-service solution provider in a fragmented market.

The combined company, which will operate under the Peak Technologies name, will be headquartered in Littleton, Massachusetts. Peak Technologies CEO Tony Rivers will lead the combined company, and SCS CEO Dave Green will become executive chairman. Terms of the deal were not disclosed.

The new company aims to be an end-to-end provider of AIDC solutions that enable supply chain automation, answering a rising demand for solutions amid increasing technological, labor market, and supply chain complexity, Sole Source said.

One way it plans to reach that goal is by combining Peak Technologies’ existing focus on large, enterprise customers with SCS’ focus on small and medium-sized businesses. Another way is through increased scale; Peak Technologies says it will become the industry’s largest provider of end-to-end solutions that modernize the factory, optimize the warehouse, revolutionize the retail experience, and reimagine field services and last mile delivery.

The move is the latest step by Dallas-based Sole Source to consolidate the AIDC marketplace, following years of mergers and acquisitions conducted by those two portfolio firms.

Just last month, Peak Technologies acquired Siena Analytics, a Franklin, Massachusetts-based provider of supply chain and logistics analytics software and artificial intelligence solutions. That deal marked Sole Source Capital’s 16th investment in the AIDC industry, and the eighth add-on acquisition for Peak Technologies since Sole Source acquired the company in 2021. 

And likewise in January, SCS acquired Access POS, an Eagan, Minnesota-based provider of AIDC hardware and repair & maintenance services to the warehouse logistics, retail, and grocery end markets. That purchase marked Sole Source’s fifth add-on transaction for SCS since acquiring the firm in 2020.


Peak Technologies and Supply Chain Services announce merger agreement. Combined company will create leading systems integrator in AIDC market. Read the full press release here: https://t.co/oTHV6Njf1I

— Peak Technologies (@PeakTechNA) August 3, 2022
Automatic Data Capture
KEYWORDS Peak Technologies Sole Source Capital Supply Chain Services
  • Related Articles

    Peak Technologies continues its consolidation tear through AIDC sector

    Peak Technologies acquires fifth supply chain tech firm in a year

    Peak Technologies acquires data-collection solutions provider DBK Concepts

Recent Articles by DC Velocity Staff

Report: Industrial real estate market remains ‘strong and stable’

Meet the new weathermen, Dogwood and Cactus

AI helps ferries cut fuel consumption in Sweden

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • FedEx agrees to buy 10% stake in Berkshire Grey

  • No vacancy at the warehouse

  • Investment group pays $5.2 billion to buy Amazon air freight contractor Atlas Air

  • The key to successful digital transformation? Your people

  • Rakuten Super Logistics acquired by executive of firm it once bought

Now Playing on DCV-TV

Raymond energy youtube thumbnails 01

Power your future with Raymond energy solutions.

DCV-TV 4: Viewer Contributed
At The Raymond Corporation, we design energy solutions that take your facility from today’s needs to tomorrow’s goals, with a full portfolio of material handling equipment and power sources that are engineered to work together, sharing data so they can be optimized over time. And from identifying the right solutions...

FEATURED WHITE PAPERS

  • Choose the Best Auto ID Technology for Tracking RTIs

  • 8 ways your facility can benefit from Hyster Reaction

  • Why Use RFID to Track RTIs

  • THE NEW WAY TO WAREHOUSE: 4 Innovations in Automation & Robotics to Boost Warehouse Productivity

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2022. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing