Cambridge spin-out Ilumink bought for undisclosed sum by Tracerco.
Tracerco, an oil and gas services subsidiary of chemical firm Johnson Matthey, has acquired Cambridge University spin-out Ilumink.
The UK-based firm has developed a new form of authentication with printable laser technology. Ilumink’s tech can provide evidence whether a product is genuine or not, and can help in detecting counterfeiting, countering tax evasion, and confronting fraud.
The technology was developed by Cambridge’s Department of Engineering, and further supported with grant funding from the UK’s Engineering and Physical Research Council, the Cambridge Integrated Knowledge Centre, and the Royal Academy of Engineering Enterprise Hub.
Damian Gardiner, CEO at Ilumink, said: “My colleagues and I are very much looking forward to becoming part of the Tracerco team. By combining our technical expertise and creativity, we can further develop our world leading anti-counterfeiting and brand authentication technologies for our customers’ benefit.”
