Invengo

HID Expands with Acquisition of Invengo Textile Services from Invengo Information Technology Co., Ltd

HID Global announced it has acquired the Invengo Textile Services Business of Invengo Information Technology Co., Ltd. The acquisition adds RFID tags, readers and cloud-based inventory management services for linen and laundry management to HID Global’s industry-leading RFID portfolio. According to MarketsandMarkets, the global market for commercial laundry offerings, including tags, readers, software and system integrator services, is expected to grow at a compounded annual rate of 12.9 percent from 2020-2025.