Invengo Reaches Agreement on Acquisition of Tagsys's RFID Textile Services and Industrial and Logistics Tag Business
GLOBAL EXPANSION GAINING PACE
Singapore, April 7, 2016 – Invengo, the Global RFID Technology Provider, is pleased to announce that it has reached an agreement on the acquisition of specialty RFID business units from the French Company Tagsys.
Invengo and Tagsys have reached an agreement on Invengo's acquisition of Tagsys's Textile Services business and their Industrial and Logistics RFID tag business used in item-level identification, medical equipment and the healthcare services market segments. Invengo will be taking over operational and commercial personnel from both divisions, which will further strengthen Invengo's European presence and global talent pool.
ABOUT INVENGO TECHNOLOGY
Invengo – the global RFID technology provider – is one of the leading rfid service providers and manufacturers of high-quality, intelligent RAIN RFID (UHF), HF and NFC inlays, tags and connectivity solutions utilized in the Internet of Things (IoT). With a focus on RFID innovation, Invengo has created a leading product line in retail, library, pharmaceutical, healthcare, (public) transportation and many other industries. With over 20 years of experience in RFID, Invengo is fully dedicated to enabling efficiency in applications such as ticketing, identity management, supply chain management, authentication, asset management and brand equity.
Invengo Technology Pte. Ltd, located in Singapore (with subsidiaries in the US and Europe), is the international headquarters of Invengo Information Technology Co. Ltd, listed on the Shenzhen Stock Exchange (SZSE: 002161.SZ). Employing over 500 people worldwide, Invengo is one of the largest publicly traded, RFID-oriented companies in the world, with design and manufacturing plants located in both the United States and China and sales offices spanning all major geographies.
ABOUT TAGSYS RFID
TAGSYS' solutions are flexible, scalable and easy to deploy, enabling rapid time to value. Luxury retailers and brands around the globe rely on TAGSYS to gain unprecedented inventory visibility throughout their supply chain, from manufacturing through distribution and retailing. With over 15 years of dedicated RFID experience and innovation, TAGSYS is helping companies achieve their strategic omnichannel objectives, drive efficiencies, increase sales, create new service opportunities and improve customer satisfaction.
More information on TAGSYS can be found at www.tagsysrfid.com.