To provide value to the customers, Intellicon, Essae Technologys and Intercode Solutions have announced joining of their forces. They are coming together to exploit the strengths of the individual companies. The merged entity is named as QodeNext.
The new Rs 100 Cr QodeNext would position itself to serve the requirements of many of its existing customers in the markets they operate. The new products will serve the Internet of Things (IoT), Manufacturing 4.0 and Artificial Intelligence needs of their existing and new customers.
Intellicon can offer Track and Trace, Warehouse Management, Asset Management solutions to existing customers of Intercode and Essae. Essae will offer consumable solutions in the form of self adhesive labels and ribbons to the combined client base.
Intellicon has strengths in providing software solutions, Essae in self-adhesive label manufacturing and Intercode in ribbons manufacturing. And, all the three players are associated with Zebra Technologies Corporation.
Combining these strengths is going to provide a huge cross selling opportunity for the combined entity and provide the customers with a total automation solution under one roof.
The AIDC market in India is only at start of hyper-growth stage, there is a lot of potential for growth in this space. Solutions offered under QodeNext has a great potential to move into markets outside India as well. There is certainly competition from about 150 companies but the value offerings of the new entity (QodeNext) would put them in a very good stead.