Invengo Information Technology Co., Ltd. - Experts & Thought Leaders

ASSA ABLOY has acquired the textile services business of Invengo Information Technology Co., Ltd, a globally renowned real-time inventory management platform that combines software, RFID tags, equipment and services, to efficiently identify, track and monitor linen and textile assets. Strategic technological acquisition “Invengo Textile Services is a strategic technological addition to the ASSA ABLOY Group. The company reinforces our current offering within the global RFID ecosystem. The acquisition of Invengo Textile Services enhances the Group’s position within smart components and will provide complementary growth opportunities,” said Nico Delvaux, President and CEO of ASSA ABLOY. “The addition of Invengo Textile Services to HID’s portfolio underscores our leadership position as solution enabler in the RFID market, particularly in the fast-growing commercial laundry sector,” said Björn Lidefelt, Executive Vice President and Head of Global Technologies business unit HID Global. Invengo Textile Services (formerly Tagsys) was founded in 1993 and has some 45 employees. Based in La Ciotat, France, it will be part of HID’s Identification Technologies Business Area. Sales in 2020 amounted to about MEUR 11 (approx. MSEK 110) and the acquisition will be neutral to EPS from start.

HID Global, a worldwide renowned company in trusted identity solutions, has announced it has acquired the Invengo Textile Services Business of Invengo Information Technology Co., Ltd. The acquisition adds radio frequency identification (RFID) tags, readers and cloud-based inventory management services for linen and laundry management to HID Global’s industry-renowned RFID portfolio. RFID products portfolio expansion According to MarketsandMarkets, the global market for commercial laundry offerings, including tags, readers, software and system integrator services, is expected to grow at a compounded annual rate of 12.9 percent from 2020-2025. This growth is driven by the expanding hospitality market and health care facilities requiring management of everything from bed-sheets to medical staff uniforms. COVID-19 has also led to a steep rise in the demand for clean and sanitized textiles, driving significant growth in the commercial laundry business worldwide. Identification technologies offering acquisition The acquisition of the Invengo Textile Services Business further extends our identification technologies offering" “The acquisition of the Invengo Textile Services Business further extends our identification technologies offering to meet the escalating demand for loss prevention capabilities, high-value analytics and real-time inventory visibility that increase efficiency in commercial laundry management,” said Björn Lidefelt, the Chief Executive Officer (CEO) of HID Global. Lidefelt adds, “This addition to the HID family complements our existing business and capabilities in the RFID market, enabling our partner community to create robust solutions for this fast-growing market.” Beyond healthcare and hospitality sectors, streamlined linen and laundry management is also necessary for staff uniform laundry in industrial settings, such as power and oil plants, transport facilities, and mining, engineering, chemical, construction and utility companies. Extending HID’s RFID and IoT solutions inventory The Invengo Textile Services line extends HID’s RFID and IoT enablement solutions portfolio to address today’s dynamic market requirements. Invengo Textile Services include: Durable LinTRAK RAIN RFID ultra-high-frequency (UHF) tags that are OEKO-TEX certified and optimized for integration into linens and other laundered textile products. Tiny and robust BluTAG high-frequency (HF) tags designed for industrial textile products. Industrial-grade HF and UHF readers, antennas, tabletop stations, gates, cabins and other hardware optimized for laundry use cases. The highly scalable ACUITY software platform that enables real-time inventory availability and visibility of textile assets. Based in La Ciotat, France, the Invengo Textile Services Business is now part of HID’s Identification Technologies Business Area led by Marc Bielmann, Senior Vice President and Head of Identification Technologies.