12.4 C
Lancashire
Saturday, July 13, 2024

SpanSet acquires stake in CoreRFID

SpanSet, the Swiss multinational which produces lifting and height safety products, has acquired a stake in Skelmersdale-based software firm CoreRFID. The deal will make CoreRFID the leading supplier of lifting inspection software systems worldwide.

CoreRFID’s CheckedOK solution helps companies to comply with the rules on safety and maintenance inspections. Radio frequency identification (RFID) tags are used to identify cranes, forklifts and other equipment in need of regular inspections while the software helps to ensure these are carried out and keeps track of the results. The system is a market leader in the UK and Ireland and was adopted by SpanSet several years ago and incorporated into its product range.

SpanSet provides lifting, load control and height safety products and services from its bases in 14 countries worldwide. It has invested in CoreRFID via its UK subsidiary SpanSet UK, which is based in Middlewich and which now holds a 33% stake in the firm.

SpanSet UK Managing Director Pete Ward said the company had recognised the need to incorporate an IT solution in its products. “Working with Core, an established provider of RFID and asset management software, proved to be very positive,” he said.

“As we progressed it became evident that our services committed SpanSet quite closely to CoreRFID and its technology. We also realised that our perspective from the end-users of lifting and height safety products meant that we were able to help Core develop its offer further.

“To secure such a positive partnership it seemed like an obvious step to invest in the company. The collaboration will assist Core’s international expansion through the world-wide SpanSet Group.”

Munzi Ali, Managing Director of CoreRFID, said: “SpanSet has been a customer for many years. Meanwhile CoreRFID has set its sights on international opportunities, having dominated the UK and Ireland market for years.

“With SpanSet’s global presence and CoreRFID’s market leading technical solution, this partnership makes complete sense. Both companies will now work together to make the CheckedOK system a global brand.”

spot_imgspot_img

Latest

England vs Spain Free Bets: Get 50/1 on England to Win the Euros! – Euro 2024 BetVictor Sign-Up Offer

The country waits in anticipation as England prepares for...

Wimbledon 2024 final: Alcaraz through after win vs Medvedev

Holder Carlos Alcaraz held off world number five Daniil...

Thomas Kneale’s Brett Mendell awarded ‘Advocate of the Year’ award

Brett Mendell - the managing director at bedroom and...

Legal expert reveals steps to take after personal data breaches

A legal expert has outlined what to do if...
spot_img

Subscribe to our newsletter

Business Lancashire will use the information you provide on this form to be in touch with you and to provide updates and marketing.

Don't miss

Child rapist jailed for 20 years

A man who raped and sexually abused a young...

A stunning celebration evening for the NHS Apprenticeship Awards

The Lancashire & South Cumbria NHS Health & Social Care...

How are businesses dealt with in divorce?

How businesses are dealt with in divorce, is one...

Jack Mason – AI Innovation and Regulation Are Hurting Microsoft

Microsoft's recent decision to leave the OpenAI board amidst...

More News

Free travel for military personnel on Armed Forces Day

Free travel will be available on Stagecoach bus and tram services for military and ex-military personnel on Armed Forces Day. This Saturday is a chance...

Lancaster shop worker fined for selling vape to underage girl

A man working in a Lancaster vape shop has been fined £916 for selling a disposable flavoured vape to a teenager without asking for...

One in three businesses in Lancashire fail test knife purchases

Trading Standards revealed that one in three Lancashire businesses failed their test purchases for knife sales. Operation Sceptre, an operation focusing on knife crime, involved...