The company said the deal, which was announced today (30 March), will consolidate its position in the self-adhesive materials sector and bring new opportunities for its Paper division, particularly in the luxury packaging segment.
It will also enhance the company’s market share in strategic growth areas like retail, logistics, and industrial applications.
Headquartered in Montpellier, France, and with further offices, sales, R&D, and operations in Germany, the US, Hong Kong, and China, Tageos designs and manufactures RFID inlays and tags.
Fedrigoni stated: “Tageos’ growth potential is far above the overall RFID industry level. The fast-growing customer and market demand for innovative, high-quality RAIN RFID (UHF) and NFC (HF) inlays, which enable businesses to digitise their product offerings, has led to a greater need for expansion in order to continue to accelerate profitable growth.”
Fedrigoni acquired the majority of 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.
“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 Fedrigoni Group CEO Marco Nespolo.
“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.”
Tageos co-founder and CEO Matthieu Picon 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.”
Executive vice president of the Fedrigoni Self-Adhesives business unit Fulvio Capussotti 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.”
Last month Fedrigoni acquired Spanish business Divipa, which develops, manufactures, and distributes self-adhesive materials.
This marked the company’s fifth deal in the space in the last two years after it snapped up Italian company Ritrama, Mexican business Industria Papelera Venus, US manufacturer and distributor Acucote, and Ri-Mark, one of the main distributors in Mexico, of which it already held 30%.
Founded in 1888, Fedrigoni offers 25,000 products and distributes to more than 130 countries.
