Group acquires a majority share in Tageos
The Fedrigoni Group announces its investment in a majority share of Tageos. Tageos develops RFID inlays and tags, and is headquartered in Montpellier, France, with further offices, sales, R&D and operations in Germany, the U.S., Hong Kong and China.
The fast-growing customer and market demand for innovative, high-quality RAIN RFID (UHF) and NFC (HF) inlays, which enable businesses to digitize their product offerings, has led to a greater need for expansion in order to continue to accelerate profitable growth.
With this deal, Fedrigoni acquires the majority of the Tageos’ capital through a direct investment and from shareholders including Newfund Capital as well as Tageos’ founders, who will retain their leadership positions in the company.
The fast-growing customer and market demand for innovative, high-quality RAIN RFID (UHF) and NFC (HF) inlays, which enable businesses to digitize their product offerings, has led to a greater need for expansion in order to continue to accelerate profitable growth.
With this deal, Fedrigoni acquires the majority of the Tageos’ capital through a direct investment and from shareholders including Newfund Capital as well as Tageos’ founders, who will retain their leadership positions in the company.
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