Friday, February 10, 2017

Carttronics Acquired By Gatekeeper Systems

San Diego-based Carttronics, a developer of electronic systems used to reduce shoplifting and loss of shopping carts at retail stores, has been acquired by Irvine-based Gatekeeper Systems. Financial details of the buy were not announced. Gatekeeper is owned by private equity investor Hammond, Kennedy, Whitney & Company. The companies said the buy will help expand Gatekeeper's capabilities in shopping cart containment, loss prevention and retail analytics markets. Gatekeeper is led by CEO Michael Lawler.

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