The Fedrigoni Group has announced its investment in a majority share of Tageos, a designer and manufacturer of RFID inlays and tags. Tageos is headquartered in Montpellier, France, with further offices, sales, R&D, and operations in Germany, the U.S., Hong Kong, and China.
“Tageos is a company with excellent growth prospects which operates in a sector that is definitely interesting for us, with a technology and customer base that is very complementary to ours,” said Marco Nespolo, CEO of the Fedrigoni Group. “Thanks to this acquisition, we are entering the ‘smart label’ market, pursuing our strategy of continuously widening our offer in all the most attractive and promising adjacent segments.”
With this deal, Fedrigoni acquires the majority of 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. As part of the agreement, Fedrigoni will have the right to purchase the remaining shares of Tageos in the future.
“Being backed and supported by Fedrigoni Group, and its owner Bain Capital, will allow us to further boost our global market expansion and continuous growth as a market leader in RFID inlays and tags,” said Matthieu Picon, co-founder and CEO of Tageos. “Our existing and new customers will undoubtedly welcome Fedrigoni and its offerings. I am fully convinced that both, our companies’ DNA as well as our common ambitions fit perfectly together, and will form a strong basis for our joint success.”
“Today, we are adding a further element to the leadership of Fedrigoni in the world of premium self-adhesive materials,” said Fulvio Capussotti, executive vice president of the Fedrigoni Self-Adhesives business unit. “We will support Tageos in both growing production capacity and entering new market sectors, thanks to the pervasiveness of our commercial activities and the global geographical presence of our Group.”