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Japan's Murata buys Italian RFID system developer

Electronics maker eyes synergy with hardware as it pursues new growth engines

OSAKA -- Murata Manufacturing has acquired an Italian startup with strength in systems for tags using radio-frequency identification technology, aiming to become a one-stop shop for inventory management.

The Japanese electronics producer on Thursday completed the purchase of Id-Solutions, a software developer spun off from the University of Parma. The deal was likely valued at more than 2 billion yen ($17.9 million).

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