Invengo buys Tagsys to strengthen European presence
May 3, 2016
Singapore-based RFID technology company Invengo has reached agreement on the acquisition of specialty RFID business units from French company Tagsys.
Invengo will acquire Tagsys’ textile services business and its 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 strengthen Invengo’s European presence and global talent pool.
Luxury retailers and brands around the globe rely on Tagsys to gain inventory visibility throughout their supply chains, from manufacturing through distribution and retailing. With more than 15 years of dedicated RFID experience and innovation, Tagsys helps companies achieve strategic omni-channel objectives, drive efficiencies, increase sales, create new service opportunities and improve customer satisfaction.
Invengo is a developer and manufacturer of intelligent Rain RFID (UHF), HF and NFC inlays, tags and connectivity products used in the IoT. With a focus on RFID innovation, it has created a product line in retail, library, pharmaceutical, healthcare, public transportation and other industries. Applications include ticketing, identity management, supply chain management, authentication, asset management and brand equity.
Headquartered in Singapore with subsidiaries in the USA and Europe, Invengo employs more than 500 people worldwide. It has design and manufacturing plants in the USA and China and sales offices spanning all major geographies.