SpanSet acquires share of CoreRFID15 February 2019
SpanSet, a Swiss manufacturer of lifting and height safety products, has acquired a stake in UK-based CoreRFID, the developer of the CheckedOK system which helps companies to comply with rules on safety and maintenance inspections.
CheckedOK uses RFID tags to identify cranes and other equipment that requires regular inspections, with the accompanying software helping to ensure that the inspections are carried out and to record the results. The system was adopted by SpanSet several years ago and incorporated into its product range.
The 33% stake in CoreRFID was acquired by SpanSet through its UK subsidiary SpanSet UK, based in Middlewich.
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 offering 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."