Based in Milan, Tag Technology serves OEM clients, system integrators, software houses and public institutions, and offers a complete portfolio of high-quality RFID transponders, inlays, reader ICs, reader modules and industrial data collection terminals. Joe Grillo, Chairmain of ASSA ABLOY ITG comments, “Our long and fruitful relationship with Tag Technology as our local partner has enabled us to reach out to the local adopters of our technology, share knowledge and take on a leading role in fostering the penetration of advanced auto ID in Italy’s public and private sectors. The acquisition of Tag Technology is a vital step forward in our effort to strategically position ourselves for future growth in this market.” “For years, Tag Technology has enjoyed a successful relationship with ITG companies, distributing their products to the Italian market,” comments Marco Marella, General Manager of Tag Technology. “We are proud to become members of an organization such as ITG, where the best technology is being designed and offered to the market together with the most competent advice. “With such a strong backing, we look forward to continuing to offer excellent service and quality components to our customers, and to offer more complete solutions that will address even better the needs of the very differentiated client base that requests our support today.” The acquisition of Tag Technology is effective from September 22, 2005.