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Price Chopper Inc. Acquires Glownet Inc.

The Orlando, FL-based supplier says it will benefit from Glownet’s RFID technology platform.

Orlando, FL-based Price Chopper Inc. (asi/79500) has announced the acquisition of Glownet Inc., the United States-based subsidiary of United Kingdom-based Glownet Limited. Financial terms of the deal were not released.

Businessmen shaking hands

Glownet Inc., which will continue to operate under that name, will become a fully owned subsidiary of Price Chopper. Glownet’s existing RFID technology platform and range of services, including cashless payments, access control, social media activations and self-service kiosks, will extend to Price Chopper’s client base. The platform also provides a sophisticated analytics engine, allowing greater data collection and consumer insights.

“The purchase of Glownet Inc. will further increase and differentiate Price Chopper’s market offering in the competitive wristband and identification market,” Shara Pathak, president of Price Chopper Inc., said in a press release. “The combination of Glownet Inc with our reputation for ID solutions and crowd management will strengthen our value proposition in our core markets globally.”

Established in 1997, Price Chopper is a manufacturer of wristbands and ID solutions. A privately owned family company, the organization boasts an extensive client list of over 15,000 global corporations.