Sato announced its acquisition of Argox Information, a manufacturer of barcode printers, barcode scanners, and portable terminals, making Argox a member of the Sato Group of Companies. Founded in 1996, Argox has focused on China, Brazil, Turkey, and is today tracking to become a main provider of auto-ID solutions in countries such as India, Russia and South Africa. "Sato adopted a holding company structure on October 3rd of this year and as a result realized many benefits which include: strengthened profitability, growth potential, advancements in technology innovations, and to make investments into new and/or growing businesses." stated Kaz Matsuyama, President & CEO of Sato Holdings Corporation. "The acquisition of Argox exemplifies our mission and compliments the business models of both Argox and Sato alike."