Information Technology
SML Group Announces Strategic Sale of Clarity® Software, Accelerating Focus on Core Growth Areas
said Ignatius K.C. Lau, Chief Executive Officer of SML Group. ™
SML closed 2024 with strong revenue growth and profitability, fuelled by an increased global network and a growing client portfolio. Despite market volatility and geopolitical risks, demand for SML's solutions continued to rise, leading to openings of new production sites. New customer wins, an expanded product portfolio, and an innovation-driven approach further reinforced the company's resilience and momentum.
Beyond the realm of the company's financial performance, sustainability remains a key element of SML's long-term core strategy. In 2024, SML's science-based targets were validated by the Science Based Targets Initiative (SBTi). Among other initiatives, the company advanced its four-pillar ESG strategy through solar installations, energy audits conducted in collaboration with Bureau Veritas and a partnership with SGS to assess the carbon footprint of Eco RFID inlays - reflecting a commitment to data-driven innovation.
With a clear strategic focus, new global alliances, and a continued emphasis on growth despite global headwinds, SML Group is positioned for lasting success.
A global leader in digital identification solutions such as item-level Radio-Frequency Identification (RFID), SML is shaping the future of brand identification with smart, creative, and sustainable solutions that elevate brands. With over 40 years of retail expertise, SML combines state-of-the-art technology with innovative design to help brands strengthen identity, enhance security, and improve operational efficiency from factory to shelf – and beyond.
Operating in 25+ locations across 20+ countries, SML partners with over 600+ brands worldwide, delivering precision, sustainability, and consistency at every stage of the supply chain.
BG Strategic Advisors (BGSA) served as exclusive financial advisor and Shaw Lewenz served as legal advisor to SML.
The Clarity software suite will continue operations under ClarityRFID , an independently-operated subsidiary of Omegro.
Trusted Solutions – Powered by People
https://www.sml.com/.
:
| diana.estella@rothmanasia.com | +65 8498 9424
| tashan.kassey@rothmanasia.com | +65 8282 8746
View original content:https://www.prnewswire.co.uk/news-releases/sml-group-announces-strategic-sale-of-clarity-software-accelerating-focus-on-core-growth-areas-302555090.html