FRANCE - JP Morgan leads massive EUR 25m expansion in Tagsys
JP Morgan Asset Management, Endeavour and Cazenove have invested EUR 27.5m in a second round of financing for Tagsys, following its MBO from Gemplus in 2001.
Tagsys is the world leader in RFID systems and tags. These tags are the next generation codebars, which automate labor-intensive processes, authenticate and safeguard goods and enable real-time inventory. Bernard Vogel, Managing Partner at Vogel said the market for these tags is expected to grow from EUR 55m in 2005 to EUR 1.5bn in the next three years. Tagsys employs about 100 staff.
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