Fedrigoni has acquired a majority share of Tageos in a move that the company believes will allow it to diversify into RFID technology and smart labels as well as securing its place among the top three providers of self-adhesive materials worldwide.
Headquartered in the French city of Montpellier, Tageos designs and manufactures RFID inlays and tags. It has other offices, sales and R&D operations in Germany, America, Hong Kong and China.
As part of the agreement, Fedrigoni will have the right to purchase the remaining shares in Tageos in the future and Tageos’ founders will retain their leadership positions in the company
‘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.’
Matthieu Picon, Co-Founder and CEO of Tageos, added, ‘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.’
Finally, Fulvio Capussotti, executive vice president of the Fedrigoni SelfAdhesives business unit, put in, ‘Today, we are adding a further element to the leadership of Fedrigoni in the world of premium self-adhesive materials. 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.’
