{"id":449139,"date":"2021-03-03T02:24:59","date_gmt":"2021-03-03T07:24:59","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=449139"},"modified":"2021-03-03T02:24:59","modified_gmt":"2021-03-03T07:24:59","slug":"assa-abloy-acquires-invengos-textile-services-business-unit-in-france","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/assa-abloy-acquires-invengos-textile-services-business-unit-in-france\/","title":{"rendered":"ASSA ABLOY acquires Invengo\u00b4s Textile Services business unit in France"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n STOCKHOLM<\/span>, March 3, 2021<\/span> \/PRNewswire\/ — ASSA ABLOY has acquired the textile services business of Invengo Information Technology Co., Ltd, a leading real-time inventory management platform combining software, RFID tags, equipment and services to efficiently identify, track and monitor linen and textile assets. <\/p>\n

“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,” says Nico Delvaux<\/span>, President and CEO of ASSA ABLOY.<\/p>\n

“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,” says Bj\u00f6rn Lidefelt, Executive Vice President and Head of Global Technologies business unit HID Global. <\/p>\n

Invengo Textile Services (formerly Tagsys) was founded in 1993 and has some 45 employees. Based in La Ciotat, France<\/span>, it will be part of HID’s Identification Technologies Business Area.<\/p>\n

Sales in 2020 amounted to about MEUR 11 (approx. MSEK 110) and the acquisition will be neutral to EPS from start.<\/p>\n

\n For more information, please contact:
<\/b>
\n Nico Delvaux<\/span>
\n
President and CEO
tel.\u00a0no:\u00a0+46\u00a08\u00a0506\u00a0485\u00a082<\/p>\n

Erik Pieder
CFO and Executive Vice President
tel. no: +46 8 506 485 72\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n

Bj\u00f6rn Tibell
Head of Investor Relations
tel.\u00a0no:\u00a0+46 70\u00a0275 67 68<\/p>\n

\n About ASSA ABLOY<\/b>\n <\/p>\n

\n The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 48,000 employees and sales of SEK 88 billion<\/span>. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY’s innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world. <\/i>\n <\/p>\n

This information was brought to you by Cision http:\/\/news.cision.com<\/a><\/p>\n

\n https:\/\/news.cision.com\/assa-abloy\/r\/assa-abloy-acquires-invengo-s-textile-services-business-unit-in-france,c3299255<\/a>\n <\/p>\n

The following files are available for download:<\/p>\n

\n\n\n\n
\n

\n
\n https:\/\/mb.cision.com\/Main\/7333\/3299255\/1381704.pdf<\/a>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n Press release (PDF)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n https:\/\/news.cision.com\/assa-abloy\/i\/textile-services,c2884021<\/a>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n Textile services<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/assa-abloy-acquires-invengos-textile-services-business-unit-in-france-301239372.html<\/a><\/p>\n

SOURCE ASSA ABLOY<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire STOCKHOLM, March 3, 2021 \/PRNewswire\/ — ASSA ABLOY has acquired the textile services business of Invengo Information Technology Co., Ltd, a leading real-time inventory management platform combining software, RFID tags, equipment and services to efficiently identify, track and monitor linen and textile assets. “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,” says 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 … <\/p>\n

Continue reading “ASSA ABLOY acquires Invengo\u00b4s Textile Services business unit in France”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-449139","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nASSA ABLOY acquires Invengo\u00b4s Textile Services business unit in France - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/assa-abloy-acquires-invengos-textile-services-business-unit-in-france\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASSA ABLOY acquires Invengo\u00b4s Textile Services business unit in France - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire STOCKHOLM, March 3, 2021 \/PRNewswire\/ — ASSA ABLOY has acquired the textile services business of Invengo Information Technology Co., Ltd, a leading real-time inventory management platform combining software, RFID tags, equipment and services to efficiently identify, track and monitor linen and textile assets. “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,” says 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 … Continue reading "ASSA ABLOY acquires Invengo\u00b4s Textile Services business unit in France"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/assa-abloy-acquires-invengos-textile-services-business-unit-in-france\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-03T07:24:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=IO97366&sd=2021-03-03\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/assa-abloy-acquires-invengos-textile-services-business-unit-in-france\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/assa-abloy-acquires-invengos-textile-services-business-unit-in-france\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"ASSA ABLOY acquires Invengo\u00b4s Textile Services business unit in France\",\"datePublished\":\"2021-03-03T07:24:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/assa-abloy-acquires-invengos-textile-services-business-unit-in-france\\\/\"},\"wordCount\":346,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/assa-abloy-acquires-invengos-textile-services-business-unit-in-france\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=IO97366&sd=2021-03-03\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/assa-abloy-acquires-invengos-textile-services-business-unit-in-france\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/assa-abloy-acquires-invengos-textile-services-business-unit-in-france\\\/\",\"name\":\"ASSA ABLOY acquires Invengo\u00b4s Textile Services business unit in France - 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