Strategic acquisition combines expertise to drive global supply chain transparency and sustainability
Dortmund, December 2, 2024 – Xylene, a pioneering provider of Digital Product Passport technology, has been acquired by Spherity, a global leader in digital identity solutions. This acquisition marks a significant milestone in the evolution of the Digital Product Passport market, as Xylene transitions into the Spherity organization to create a unified front in advancing supply chain transparency and sustainability within the rapidly evolving markets.
This acquisition comes as the Digital Product Passport industry begins to consolidate, underscoring the importance of cohesive solutions that can meet the growing demand for transparency and traceability in global supply chains. By combining forces, Spherity and Xylene are set to establish a market-leading position, delivering a unified and scalable platform to industries powered by Spherity’s Digital Product Passport solution, the VERA Product Suite.
“We’re incredibly proud of what we built at Xylene and are excited to bring our technology and expertise into the Spherity fold,” said Christopher Edwards, Co-founder of Xylene. “This integration will allow us to expand the reach of our innovative digital product passport solutions, driving even greater impact in Europe and beyond.”
“We look forward to welcoming Xylene’s team and combining our strengths,” said Dr. Carsten Stöcker, CEO of Spherity. “The integration of Xylene’s technology and expertise into our operations will strengthen our position and allow us to offer even more value to our customers and partners.”
This strategic acquisition represents a shared commitment to empowering industries with trusted and scalable Digital Product Passports. Together, Spherity and Xylene are well-positioned to empower brands across industries, shaping the future of supply chain transparency and circular economy initiatives.
About Xylene
Xylene is an end-to-end traceability solution focusing on digital product passports. Founded by Christopher Edwards and Giuseppe Benenati in 2020, Xylene has been at the forefront of supply chain transparency with a commitment to sustainability.
About Spherity
Spherity, a global pioneer in digital identity software, aims to revolutionize secure identity integration for enterprises, machines, products, data, and algorithms. The company’s vision centers on leveraging self-sovereign identity (SSI) to streamline compliance processes in accordance with regulations related to data protection and data security. Spherity offers products tailored for supply chains: providing authentication and authorization solutions for the US pharmaceutical supply chain and the Digital Product Passport solution for various industries, mandated by the European Commission.
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