RDIF invests in digital marking equipment manufacturer TrekMark
Press release, 25.05.2018
St. Petersburg, 25 May 2018 - The Russian Direct Investment Fund (RDIF, the sovereign wealth fund of the Russian Federation), the Center for Advanced Technology Development (CATD), the operator of Russia’s Unified National System of Digital Marking and Tracing of Goods, and the Swiss company SICPA, announce a joint investment in TrekMark, a manufacturer of marking equipment for digital traceability systems. The agreement was signed as part of the St. Petersburg International Economic Forum.
During the first stage of the investment, TrekMark plans to provide equipment for the marking and traceability of pharmaceutical goods - a market that consists of more than 1,000 manufacturers, 2,500 wholesale suppliers and 350,000 retail outlets nationwide. TrekMark technologies will effectively protect consumers from counterfeit and illegal products in the market.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
"Our partnership with one of the world’s leading producers of marking solutions, SICPA, will allow us to tailor the company’s modern technologies to the local market and use Rostekh's resources, to establish a new digital trust environment, without which the development of the digital economy generally is impossible. For investors, this project provides a unique opportunity to participate in the creation of a national marking and tracking system for goods. "
Mikhail Dubin, Chairman of the Board of Directors of the Center for Advanced Technology Development (CATD), said:
"This project aims to make the launch of the national system for digital marking and tracing smoother for businesses. . Due to the location of production in Russia, the price of TrekMark’s equipment is 30% lower than that of its international peers, while delivery times are optimized. In addition to its equipment, TrekMark offers software that is fully compatible with the national digital marking and tracing system created by CATD."
Philippe Amon, Chairman and CEO of SICPA, noted:
"We are delighted to open a new chapter for us in the Russian market. As a technological partner of TrekMark we guarantee the highest quality for local solutions which are so much demanded in Russia."
Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Further information can be found at www.rdif.ru
Center for Advanced Technology Development (CATD) is a joint venture involving USM Holdings, the state corporation Rostekh and Elvis Plus Group. The Center has the unique expertise and capabilities to bring innovative technological solutions to the market. Through a public-private partnership the Center is creating a digital marking and traceability system in Russia and the EEU. It will ensure transparency across the regional market and establish a comprehensive system to guarantee the quality of goods.
SICPA is the world's leading provider of secure solutions for authentication, identification and traceability. SICPA integrates protective features based on security ink and digital tracing technologies for governments and industries, providing authentication and traceability for billions of items. SICPA marking and tracing systems are used in the tobacco, pharmaceutical, consumer and luxury goods, and alcoholic and non-alcoholic beverage industries.
For additional information contact:
Russian Direct Investment Fund
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
Andrew Hayes / Andrew Leach
Tel: +44 (0) 20 7796 4133