Paragon ID acquires Security Label

Security Label is a German company based near Hanover, founded in 1990 by the von Wedekind family. It has since become a worldwide reference in the design and manufacture of baggage tags, offering a complete range of products for check-in documents and standard and RFID baggage labeling.

The acquisition of Security Label represents an opportunity for Paragon ID to become the world leader in baggage tags for the aviation sector. Many airlines have already commenced their transition to RFID technology and many more are committed to transitioning over the next few years. 

Security Label will also leverage Paragon ID's established positions across the Atlantic to expand its business with North American airlines. This acquisition also marks a new geographical expansion for Paragon ID and the potential to build upon a strong base for its development in other activities in the German market.

‘We have been exploring possibilities for cooperation with Security Label since we won the Air France contract in 2019,’ said Clem Garvey, CEO OF Paragon ID. ‘As Europe’s biggest manufacturer of RFID tags, we were looking for an established player in the baggage tag ecosystem with whom we could take a leading position in an industry on the cusp of transformation through the adoption of RFID. Security Label is by far the best possible partner we could have imagined, and we are delighted to conclude our discussions with an acquisition of the company, its name, its people, its contracts, and its potential.’