The Italian paper group Fedrigoni continues to diversify its portfolio towards labeling products and adhesive materials by taking a majority stake in the French company Tageos.
Based in Montpellier, France, Tageos specializes in the design and manufacture of RFID inlays and tags. The company has 100 employees and operates in Germany, the United States, Hong Kong and China. Founded in 2007 by Matthieu Picon, Laurent Delaby and Nicolas Jacquemin, Tageos "is experiencing growth rates well above the overall RFID industry level" say both companies.
This success "is accompanied by the need to continue its sustainable growth and global expansion strategy to meet and support the latest customer and market demands worldwide." explains Tageos. The acquisition of a stake in the Italian group, which employs more than 4,000 people worldwide, will also enable it to increase its production capacity and enter new markets.
For Fedrigoni, Tageos' expertise in RFID tags will enable it to offer new applications with adhesive materials ranging from traceability to customer engagement, and will also open up opportunities in the specialty paper sector, especially for the luxury packaging segment.
"Tageos is a company with excellent growth prospects that operates in a sector of particular interest to us, with a technology and customer base that are very complementary to our own." says Marco Nespolo, CEO of the Fedrigoni Group. "With this acquisition, we enter the 'smart label' market, continuing our strategy of continuously diversifying our offering into all the most attractive and promising adjacent segments."
Another big name in labeling materials, the American Avery Dennison, also invested in RFID technology earlier this year, by acquiring the Swiss TexTrace .
