TAGSYS & INVENGO reach agreement on acquisition of TAGSYS Textile Services & Industrial Tag Division

Press Release (ePRNews.com) - MARSEILLE, France - Apr 07, 2016 - TAGSYS RFID and INVENGO announce an agreement under which INVENGO acquires the whole Textile Professional and the Logistics and Industrial business from TAGSYS RFID.

The agreement enables to combine INVENGO’s global footprint and product development capabilities in leading-edge RFID solutions with TAGSYS RFID’s leading System provider position. This combination will enable the development of new classes of products and services in different market segments such as Textile Professional Rental Services, Healthcare and Medical tracking Solutions, as well as Manufacturing and Logistics.

INVENGO plans to strengthen the expansion of TAGSYS RFID’s ACUITY system sales within the Textile Ecosystem by leveraging its worldwide presence and support. The companies also expect to enhance TAGSYS RFID’s Logistics and Industrial products through design and manufacturing improvements resulting from INVENGO’s manufacturing locations in the USA and Asia.

“We are very excited to see our whole Textile Professional and our Logistics-Industrial divisions be part of INVENGO, one of the top 5 global leaders in the RFID field”, said TAGSYS CEO Alain Fanet. “Through this combination, we have created a unique strategic opportunity by combining TAGSYS’ multiple years of expertise and unparalleled system’s offering with INVENGO’s expansive global presence. We will remain focused on our customers and strengths and build on our offerings to deliver even greater value.”

About TAGSYS

TAGSYS RFID’ 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 omni-channel objectives, drive efficiencies, increase sales, create new service opportunities and improve customer satisfaction.

More information on TAGSYS can be found at www.tagsysrfid.com.

About INVENGO TECHNOLOGY

INVENGO – the global RFID technology provider – is a leading developer and manufacturer 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.

Source : TAGSYS RFID
Business Info :
TAGSYS RFID

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CATEGORIES : High Technology
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