OTCPK:EUCTF - Post by User
Comment by
Spiegel62on May 02, 2016 8:38am
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Post# 24831749
RE:RE:RE:Financials on sedar.com
RE:RE:RE:Financials on sedar.comthedon wrote: SICPA decided to expand and complete their stable of service offerings. The timing of the move was most likely related to the fuel marking tender in the Eurozone? There may also be other initiatives coming in other areas like crude marking relative to combating terrorism? They may have been able to develop their own product, but the cost in time and money did not compare well with the proven, patented, ISO certified GFI solution?
On the issue of the price paid, by most accounts, GFI has the superior product in the overall marketplace. But the micro size of the compadny made it impossible to land the big contracts with the big players. SICPA's size and scope changes all that...
Agreed, and thats why it is futile to try to stablish what was or not a fair price for SICPA to pay for GFI...The point is an industrial behemoth liked the tech enough to jump in with both feet into it