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Invengo to acquire Tagsys's textile services biz
22
Apr '16
Courtesy: Tagsys
Courtesy: Tagsys
Invengo Technologies, a Singapore based, global RFID technology solutions provider, has announced its agreement to acquire the textile services division of Tagsys, a French inventory management systems provider (based on RFID technology), to strengthen its European business.

Additionally, the company has also agreed to acquire its industrial and logistics RFID tag business for the medical equipments and healthcare services market, according to a press statement released by the company.

It will also be taking over operational and commercial personnel from both the divisions for its global talent pool.

Invengo currently has around 500 employees worldwide, making it one of the largest public RFID companies in the world.

The company also announced major senior level appointments recently for further international expansion. (MCJ)

Fibre2Fashion News Desk

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