Mumbai: Control Print Ltd, India’s integrated coding & marking solutions provider, has  acquired  a majority stake (50.49 per cent) in Codeology Group Ltd, a UK-based provider of print and apply systems,  for £ 1 million. Control Print plans to use Codeology’s print and apply systems in the Indian market in the next three months. 

This strategic joint venture marks a significant milestone for Control Print in adding technical capabilities and expanding its product portfolio. The acquisition will help Control Print get a toehold in the UK market, leading to new growth opportunities. The acquisition also plays a significant role in the growth and market expansion of Codeology. With Codeology's expertise in designing and producing high-quality Print & Apply Systems, Control Print aims to offer these products to their customer base in existing geographies.

“We are thrilled to announce our partnership with Codeology Group Ltd. This collaboration represents a key step in our plan to diversify our product offerings further.  In addition, Codeology has a well-established presence in the UK and will benefit from our products, expertise, and support in their home markets. This partnership will also help us expand to newer markets to provide high-quality products with Codeology’s assistance. Together, we are well-positioned to drive growth and deliver value to our customers," said Shiva Kabra, Joint Managing Director, Control Print Limited.

Speaking of the partnership, Jim Mason, Director, Codeology Group Ltd, said, “We are excited to join hands with Control Print Limited. This partnership will give us a broader vision and enhance our capabilities in offering our products. Moreover, the combination of Control Print's product additions and financial strength combined with our existing market coverage will provide a significantly higher ceiling for Codeology's growth rates. This is also a notable opportunity for us to reach a new customer base in a new market, further enhancing our network.”

Control Print’s past acquisitions include Netherlands-based Markprint BV, which acquired a 75 per cent stake in 2022 for $ 1.5 million through its Dutch Holding Company Control Print B.V. Additionally, the company recently launched QRiousCodes, innovative QR codes-based track and trace solutions. It leverages non-fungible tokens (NFTs) technology connecting unique identification numbers of products to NFTs through QR codes. Control Print manufactures non-contact & contact type coding and marking machines based on continuous inkjet, thermal inkjet, thermal transfer and laser printing technology. A pioneer in the coding and marking solutions space, the brand caters to various industries such as  food & beverage, pharmaceutical, FMCG, personal care, pipe & plastic, wire & cable, steel & metal, cement, plywood, etc.

Control Print is the fully integrated ‘Made in India’ manufacturer, offering cutting edge, indigenous coding and marking products and solutions. It offers a full gamut of in-house solutions that includes equipment, consumables, spares and services. It owns two state-of-art factories in Nalagarh, Himachal Pradesh and Guwahati, Assam.