COLUMBIA, Md. (October 26, 2006) — PEAK Technologies, a Platinum Equity Company, announced today that it has signed a definitive agreement and completed the sale of its PEAK Europe business to Zetes (Euronext Brussels: ZTS), a leading Pan-European system integrator offering value-added solutions in the Automatic Identification industry (Auto-ID). PEAK Europe consisted of operations in four countries: the United Kingdom, Germany, Switzerland, and The Netherlands.

“By completing this transaction, PEAK Technologies was able to strengthen our core North American business through greater management focus and investment,” said Ross Young, president and CEO, PEAK Technologies.  “Our strategy for providing an international solutions and services capability for our North American-based customers will be enhanced through our relationship with Zetes.  Zetes strengthens our ability to deliver solutions to our existing customers with locations in the UK, Germany, Switzerland and The Netherlands and expands our footprint in Europe to include Belgium, France, Ireland, Israel, Italy, Portugal and Spain,” added Young.

PEAK Technologies’ core competencies in automatic identification/data capture, enterprise printing and consumables, SAP solutions integration, professional services and life cycle support services are not affected and will continue to operate as the foundation of PEAK’s North American solutions and services business strategy.   

“The relationship that we have built with the PEAK organization in North America throughout this process creates a strong synergy between two of the global Auto-ID industry’s largest systems integrators,” said Alain Wirtz, CEO, Zetes Group. “We believe our relationship with PEAK will make it much easier to organize solutions and services delivery for trans-Atlantic customers,” added Wirtz.

About PEAK Technologies
PEAK Technologies, a Platinum Equity Company, is an international systems integrator of supply chain automation and inventory management solutions delivering tangible return on investment to some of the world’s largest corporations. PEAK’s primary applications include solutions for warehousing, manufacturing, and distribution operations. PEAK’s portfolio of solutions and services include business process consulting, enterprise resource planning (ERP) systems integration, wireless professional services, project management, printing/media solutions, and life-cycle support services. PEAK Technologies has locations throughout North America and Europe providing a comprehensive “foot print” for multi-national life cycle service and support.

About Platinum Equity
Platinum Equity (http://www.platinumequity.com/) is a global M&A&O^® firm specialized in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, software, telecommunications, logistics, manufacturing, health care products, and entertainment distribution. Since its founding in 1995 by entrepreneur Tom Gores, Platinum Equity has acquired more than 50 businesses and built a multi-billion-dollar portfolio of operating companies. In 2005, Platinum was named the 18th largest private company in the United States by Forbes magazine.