TSC Auto ID Technology America Inc. reached an agreement to acquire of Printronix Inc. from Evercel, Inc. (OTCPK:EVRC) for $28.1 million in stock on November 9, 2015. TSC Auto ID Technology Co. Ltd will issue 3 million shares as consideration.

On completion, Printronix Inc. will operate as Printronix Auto-ID Inc. The transaction is scheduled to be completed by January 2016. Matt Young and Brad of CriticalPoint Partners and Euan Rellie, Justine Mannering, Simon Kavanagh, Kent Ng, Jordan Selleck and David Kim of BDA Partners acted as financial advisors for Printronix.