Assa Abloy has acquired the textile services business of Invengo Information Technology, a real-time inventory management platform combining software, RFID tags, equipment and services to identify, track and monitor linen and textile assets. The business will join the HID Global portfolio.
“Invengo Textile Services is a strategic technological addition to the Assa Abloy Group,” said Nico Delvaux, President and CEO of Assa Abloy. “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.”
“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,” added Björn Lidefelt, Executive Vice President and Head of Global Technologies business unit HID Global.
