This acquisition will broaden the Tagmaster product portfolio in strategically important areas addressing market segments with high growth potential.

Tagmaster supplies products internationally for long range identification application purposes. The products are used in vehicle access control, people access control and rail bound traffic.

"Both companies share the philosophy of making RFID and sensor technology accessible to a much larger audience through ease of use, attractive pricing, reliable performance and excellent developer support. We also share the vision that RFID and sensor technology can radically increase the use of resources for efficiency purposes in resource allocation and transportation and to increase the quality of life; e.g. convenience, security and health; while at the same time assist in solving some of the major challenges the world is facing”, says Bo Tiderman CEO at Tagmaster AB.

“Through the acquisition, we see radically improved market opportunities for our RFID and sensor technologies and we are able to complement Tagmaster’s existing portfolio in new industry applications and verticals. We both share the view that it should be easy, beneficial and straightforward to do business. With the combined effects at hand, we can only see major positives for our users, customers and partners in this reorganisation. The existing RFID product line will be better supported worldwide, the pace of our technology development will increase, and our capabilities to undertake large shipments and complex projects will be enhanced”, says Martin Harnevie CEO at Free2move RFID.