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Synopsis
HID Global, an American manufacturer of secure identity products, completed the acquisition of textile services business of Invengo Information Technology, which is engaged in the development of radio frequency identification technology and system solutions. Financial terms were not disclosed. “The acquisition of the Invengo Textile Services Business further extends our identification technologies offering to meet the escalating demand for loss prevention capabilities, high-value analytics and real-time inventory visibility that increase efficiency in commercial laundry management,” Bjorn Lidefelt, HID Global CEO.
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