CSL Completes Management Buyout and Adds Strategic Investor

Convergence Systems Limited (CSL), a global provider of passive RFID products and active RTLS equipment, says its management has completed the purchase of the company from the original investors. To support the projected growth of CSL, a major investment and long-term financial commitment was reached with CSL manufacturing partner, Seveco International, in conjunction with the buyout.

Seveco has been a primary manufacturing partner for CSL in recent years, as well as engaging in OEM manufacturing for many global customers requiring advanced products with various embedded radio platforms.

CSL maintains business operations in three locations: Hong Kong is home to product development and global sales; Dongguan, China is the manufacturing site for all products; and Dallas, Texas is the site of warehouse operations for North American sales as well as local manufacturing requirements. CSL will continue to support existing RFID product lines, and the company has plans for expansion.