Press Release: SATO Group Continues Expansion into Global Market
Jakarta, Indonesia - October 12, 2012 – SATO Group is pleased to announce the establishment of PT. SATO Nagatomi, a new company formed as a joint venture between SATO Group and PT. Indonagatomi in Jakarta, Indonesia. Operations began in October, 2012.
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PT. Indonagatomi has been selling SATO products including barcode printers and hand labelers in Indonesia for many years, this business will now shift to PT. SATO Nagatomi. With five sales branches located in the heart of Jakarta PT. SATO Nagatomi is capable of serving a vast number of customers throughout the region.
“This joint venture is part of SATO Group’s continuing expansion in the global market. The combination of SATO’s expertise in the field of auto-ID technology, together with the strong sales network built by PT. Indonagatomi in the region will enable PT. SATO Nagatomi to provide businesses in manufacturing, retail, logistics and healthcare industries with solutions of label printers, scanners and consumables products to realize efficiency, peace of mind and environmental conservation.
SATO is a pioneer and leading global provider of integrated Automatic Identification and Data Collection solutions that leverage barcode and RFID technologies. SATO manufactures innovative, reliable auto-identification systems and offers complete solutions to businesses by integrating hardware, software, media supplies and maintenance services. Customers rely on SATO for accuracy, labor and resource savings helping to preserve the environment.
Founded in 1940, SATO is publicly listed on the first section of Tokyo Stock Exchange in Japan. It has sales and support offices in over 20 countries and is represented globally through a world-class network of partners. For the fiscal year ended March 31, 2013, it reported revenues of US$ 1.0524 billion. More information about SATO Corporation can be found at www.satoamerica.com
*Conversion is based on an average exchange rate of 1 US Dollar = 82.91 Japanese Yen.