Smart data firm Scandit boosts retail shelf intelligence capabilities with MarketLab acquisition

Scandit, a specialist in smart data capture, has announced the asset acquisition of shelf audit automation technology from MarketLab, a Polish image recognition and AI software company focused on the retail industry.

Financial terms of the deal were not disclosed.

As part of the transaction, MarketLab's team will join Scandit to build and expand the new offering. 

“The acquisition marks a new milestone in our evolution as we continue to broaden our smart data capture capabilities for the wider retail industry,” says Samuel Mueller, CEO and Co-founder at Scandit. 

“Integrating MarketLab’s fixed camera-based shelf recognition experience and technology into ShelfView (Scandit’s retail shelf management and analytics solution) strengthens our ability to empower retailers to enhance their overall store performance, boost store associate efficiency and optimise the monetisation of shelf data with CPG partners.”

“We are delighted to join forces with Scandit. Combining our complementary technologies, we look forward to delivering additional value, ROI, and insights to grocery retailers globally so they can benefit from increased visibility into their shelves, ensure accurate stock availability, and ultimately enhance the customer experience,” says Piotr Wardaszko, CEO at MarketLab.    

2024 RTIH INNOVATION AWARDS

Retail shelf management and analytics is a key focus area for the sixth edition of the RTIH Innovation Awards, which is now open for entries.

The awards, sponsored by CADS, 3D Cloud, Retail Technology Show 2025, and Business France, celebrate global tech innovation in a fast moving omnichannel world.

It’s free to enter and you can do so across multiple categories.

Key 2024 dates

Friday, 25th October: Award entry deadline 

Tuesday, 29th October: 2024 shortlist revealed

30th October-6th November: Judging days

Thursday, 21st November: Winners announced at the 2024 RTIH Innovation Awards ceremony, to be held at RIBA’s 66 Portland Place HQ in Central London.