ZETES INDUSTRIES

ZETES INDUSTRIES

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Company Overview
Zetes Industries, headquartered in Brussels, is a leading pan-European system integrator providing value-added solutions for Goods Identification and People Authentication applications in the Automatic Identification (Auto-ID) industry. Offering full system integration services to create complete solutions, Zetes concentrates its efforts on two main business segments: Goods Identification and People Authentication.
In Goods Identification, Zetes designs, develops, and delivers complete Goods Identification solutions for such applications as manufacturing work-in-process, warehouse picking, retail shelf price management, maintenance work order planning, transport freight management, and mobile sales proof of delivery. On the other hand, Zetes creates complete People Authentication solutions involving the creation of secure documents such as national identity cards, health cards, voter identity cards, campus ID cards, e-wallets, and pre-paid cards, for governments, institutions, financial services, insurance, public transport, and telecoms. Zetes is focused on the government and institution market segments, but is also active in other market segments where high-touch value-added solutions are required.
Zetes’ business strategy is to have a leading position as a profitable system integrator in both markets of the Auto-ID industry and to exploit its competence to provide value-added solutions by remaining as a technology-independent system integrator. The company has developed strategic partnership with Symbol, Zebra, SAP AG, MCL Technologies, Vocollect and Intermec.
Established in 1984 with headquarters in Belgium, the company has grown both organically and through acquisitions. The company has subsidiaries in 10 countries, namely Belgium, France, Germany, Ireland, Israel, Italy, The Netherlands, Portugal, Spain, and the United Kingdom.
Business Summary
Across national boundaries, across markets and across technologies, The Company is committed to having a positive and tangible impact on its customers and its stakeholders.
The Company is committed to optimizing the business performance of its private and public customers through the delivery of solutions that increase data accuracy and security and increase productivity, efficiencies, cost savings and profitability.

The Company specializes in designing, developing, and integrating automatic merchandise identification systems. The group also offers personnel authentication solutions. Sales break down by product family as follows:
– merchandise identification products and systems (83.5%): including bar codes, voice recognition systems, and radio identification labels for applications such as manufacturing process management, warehouse order preparation, point of sale price management, maintenance scheduling, freight management, etc.;
– personnel authentication systems (16.5%): microchip cards (identity, health care, student, prepaid phone, banking, and similar cards) and biometric systems (identification by thumbprint, iris, signature verification, etc.).
Sales are distributed geographically as follows: Belgium, the Netherlands, Germany, the United Kingdom, Switzerland, Ireland and Denmark (65.6%), France, Spain, Italy, Portugal, Israel and Ivory Coast (34.4%).
Description and history
The Company is a leading pan-European system integrator deploying value-added solutions for Goods Identification and People Authentication applications in the Automatic Identification (Auto-ID) industry. Established in 1984 with headquarters in Belgium, the Company has grown both organically and through acquisitions, and today has subsidiaries in 8 European countries (Belgium, France, Germany, Ireland, the Netherlands, Portugal, Spain, and the United Kingdom) and employs currently 440 employees (in FTEs). The Company generated revenues of 1100.8 million
in 2004 on a consolidated basis.
Offering full system integration services to create complete solutions, the Company concentrates its efforts on two main business segments:
– Goods Identification: the Company designs, develops, and delivers complete Goods Identification solutions for such applications as manufacturing work-in-process, warehouse picking, retail shelf price management, maintenance work order planning, transport freight management, and mobile sales proof of delivery.
– People Authentication: the Company creates complete People Authentication solutions involving the creation of secure documents such as national identity cards, health cards, voter identity cards, campus ID cards, e-wallets, and pre-paid cards for governments, institutions, financial services, insurance, public transport, and telecoms. The Company is focused on the government and institution market segments, but is also active in other market segments where high-touch
value-added solutions are required. The Company is experiencing a convergence between the Goods Identification and People Authentication markets. The Company believes that, eventually, the lines separating the two will become more and more blurred until they completely disappear and one integrated market emerges. As the Company is active in both markets, this convergence is very beneficial to the Company. In the first half 2005, the Company reached an agreement with ScanSource, a leading value-added distributor of specialty technology products, including Auto-ID products, to sell its stake in Europdata Connect (4) (EDC). In the second half 2005, already the pan-European leader in Auto-ID systems integration with a direct presence in 8 countries, the Company extended its coverage to the Italian market by opening new sales and support offices in Milan (10). The Company will initially focus on voice recognition
solutions and services. In the first half 2006, to further expand its activities and increase its competitiveness on the People ID market and in the smart card production sector in particular, the Company acquired the Cards division of Idoc (12), a Belgian company that has been producing secured identity documents since 1982. The Company acquires Powersys 2000 S.L., a Spanish company specialized in Print & Apply solutions and services.


Description in French
La Sociйtй est une entreprise а caractиre international, active dans le domaine de l’identification automatique depuis plus de 25 ans. C’est un acteur global : la sociйtй dйveloppe et implйmente des solutions basйes sur des technologies d’identification de biens et de personnes. Pour chacun de ces deux secteurs d’activitй, La Sociйtй
maоtrise а la fois les diffйrents processus et les nombreuses technologies, qui permettent de les optimiser. Elle se veut une entreprise innovante et а l’йcoute des besoins du marchй, ce qui se traduit par un dynamisme continu et une volontй de croissance constante а l’йchelle internationale. Dans son secteur, la sociйtй est le leader incontestй en Europe. Avec une prйsence forte de plus de 800 spйcialistes dans 14 pays, La Sociйtй dispose de son propre rйseau, dont les dimensions restent, а ce jour, inйgalйes.
La Sociйtй livre des systиmes qui permettent а ses clients de faire le lien entre le monde physique et leurs systиmes informatiques. Dans le Goods ID, il s’agit de la capture d’informations et de l’identification automatique de biens en entrepфt, en magasin ou dans un vйhicule et la transmission а un systиme informatique de gestion d’entreprise. Dans le People ID, les solutions couvrent la capture de donnйes biographiques et biomйtriques de citoyens, l’enregistrement dans des bases de donnйes de population, la personnalisation de documents d’identitй et la mise en place d’outils de contrфle d’identitй. La Sociйtй se concentre sur la fourniture de solutions а haute valeur ajoutйe. Elle offre ses services aux entreprises et organismes publics dйsireux d’optimiser leurs processus afin d’obtenir une meilleure traзabilitй ou gйnйrer des gains en termes de temps et/ou d’efficacitй. Ces solutions se basent sur des technologies telles que le code-barres, la reconnaissance vocale, la RFID, l’imagerie, l’impression et application d’йtiquettes, les cartes а puce, la biomйtrie, etc. En Goods ID, les avantages de ces solutions sont perceptibles tout au long de la chaоne d’approvisionnement, au niveau de la production, de l’entreposage, du transport et de la logistique et dans le commerce de dйtail. Pour le People ID, La Sociйtй est en mesure rйpondre aux besoins d’identification des administrations, gouvernements, institutions internationales, etc.
La Sociйtй est crйee en 26 Mars 1984.
La Sociйtй a йtй introduite en EURONEXT BRUSSELS – Euronext – Local Securities Compartment C (Small Caps) en 22 nouvembre 2005.
Business Line
Provides value-added solutions for Goods Identification and People Authentication applications in the Automatic Identification (Auto-ID) industry
Subsidiary
ACCUSCAN INTERNATIONAL LIMITED
Advisor
RSM – REVISEURS D’ENTREPRISES SCRL
IPO date
11/22/2005
US SIC Code
3571
Company Address
Da Vinci Science Park
Rue de Strasbourg – Straatsburgstraat 3
City province or state postal code
1130, BRUSSELS
Phone: +32 2 728 37 11
Fax: +32 2 728 37 19
Country address: BELGIUM
Website url: www.zetes.com