ITG acquires Tag Technology

ASSA ABLOY Identification Technology Group (Walluf, Germany), a manufacturer and supplier of identification components, acquired Tag Technology (Milan, Italy), a distributor of radio-frequency identification (RFID) components and smart cards. Tag Technology serves OEM clients, system integrators, software suppliers and public institutions, offering a portfolio of RFID transponders, inlays, reader ICs, reader modules and industrial data collection terminals.

“The acquisition of Tag Technology is a vital step forward in our effort to strategically position ourselves for future growth in this market,” said Joe Grillo, chairman of ASSA ABLOY.