Beontag to acquire Lab ID.

Beontag, a manufacturer of self-adhesive labels and radio frequency identification, agreed to acquire Lab ID, a developer of RFID inlays and tags. Financial terms were not disclosed. LAB ID became part of a group of innovative companies that use high-end technology to manufacture essential products that are present in the daily lives of people around the world. Beontag reinforces its internationalization strategy and specialization in technology and innovation related to RFID, expanding its operations in the European market and worldwide.