Swiss multinational takes 33% stake in Skelmersdale software firm
Skelmersdale-based software firm CoreRFID has sold a stake to Swiss multinational SpanSet which will make it the leading supplier of lifting inspection software systems in the world.
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.
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 UK, which is based in Middlewich, has taken a 33% stake in the firm.
SpanSet UK Managing Director Pete Ward said: “Working with Core, an established provider of RFID and asset management software, proved to be very positive.
“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, added: “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.”