Invengo, the global RFID technology provider, has announced that it has reached agreement on the acquisition of specialty RFID business units from the French company Tagsys.
In a joint statement issued on 7 April, the companies announced that Invengo will acquire the whole of Tagsys’s textile professional business and its industrial and logistics RFID tag business used in item level identification, medical equipment and the healthcare services market segments.
Invengo will be taking over operational and commercial personnel from both divisions, which will further strengthen Invengo’s European presence.