The Fedrigoni Group invests in a majority share of Tageos, a leading player in the design and manufacturing of RFID inlays and tags. Headquartered in Montpellier, France, Tageos has offices in Germany, the U.S., Hong Kong and China.
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 Tageos’ remaining shares in in the future.
“Tageos is a company with excellent growth prospects and operates in a sector that is definitely interesting for us, with a technology and customer base that is very complementary to ours,” says 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.”
Matthieu Picon, co-founder and CEO of Tageos also expressed his excitement. “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. 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,” he said.
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