The Fedrigoni Group has acquired a majority share of Tageos. Through this investment, Fedrigoni reportedly will consolidate its position among the top three worldwide providers of self-adhesive materials and diversify into RFID technology and smart labels.
Tageos designs and manufactures RFID inlays and tags. It is headquartered in Montpellier, France, with further offices, sales, R&D and operations in Germany, the U.S., Hong Kong and China.
The fast-growing customer and market demand for Rain RFID (UHF) and NFC (HF) inlays, which enable businesses to digitize their product offerings, has led to a greater need for expansion to continue to accelerate profitable growth for Tageos.
With this deal, Fedrigoni acquires the majority of the 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 in Tageos in the future.
The group strengthens its position reportedly as the third player in the world of self-adhesive materials, where it operates through several brands such as Arconvert, Manter and Ritrama. It will also enable Fedrigoni to add more value to its customers and existing markets such as food, wine and spirits, cosmetics, healthcare and pharma.
Moreover, the company will enhance its market share in key strategic growth areas such as retail, logistics and industrial applications. The acquisition will also bring new opportunities for the Paper division, particularly in the luxury packaging segment, where companies are increasingly looking for solutions to protect their brands, verify authenticity and prevent counterfeiting, especially in light of the exponential growth of e-commerce.
Marco Nespolo, CEO of the Fedrigoni Group, said: ‘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. 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.’
Fulvio Capussotti, executive vice president of the Fedrigoni SelfAdhesives business unit, concluded: ‘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.’