US-based Peak Technologies has acquired VisionID, a Clonmel specialist in the automatic identification and data capture market.

Founded in 2000, VisionID is a systems integrator of AIDC hardware, labels, software solutions and vendor service contracts. The company sells primarily to enterprise-level customers in the healthcare, food and beverage, and industrial markets.

Peak Technologies is a portfolio company owned by Dallas-based Sole Source Capital, a private equity firm whose focus is on industry and which says it seeks “founder-owned businesses or corporate carve-outs that will benefit from the team’s operating and M&A capabilities”.

Peak, it says, is a system integrator of digital supply chain, retail and mobile workforce solutions with more than 35 years of supply chain, field mobility and retail services expertise.

It provides consultancy on business processes, software, hardware, as well as turnkey solutions for equipment repair, life cycle support, technology, vertical/application and business services. At the same time as acquiring ProAdjust, it also bought out a similar Dutch company, Dalosy.

In Association with

Chief executive Tony Rivers said: “We are excited to welcome the VisionID and Dalosy teams to Peak Technologies. These companies offer highly technical solution offerings in the Irish, Dutch, and Belgian AIDC and managed services markets. They will further add to Peak’s ability to support our growing multinational customer base both in North America and Europe.”

According to Renatus, the acquisition marks Sole Source Capital’s 15th acquisition in the AIDC market and described it as “a great exit for majority shareholder and current managing director Robert Jones who founded the business in 2000 and has seen it grow into an Irish market leader employing around 30 people”.

Deal details were not disclosed.