Tags Lux Sarl’s Acquisition of Confidex Oy

Eversheds Sutherland advised the sellers on the deal.

All shares of the technology company Confidex Oy has been sold to Tags Lux Sarl, which is a part of the Brazilian Beontag Group. The sellers are the company’s Finnish management and small investors, the principal owner being the Hong Kong fund DongFin Investment Co. The transaction also included the company’s foreign subsidiaries in China and the USA. 

Confidex designs and delivers short-range wireless identification solutions built on RAIN RFID, NFC and HF-based tags, labels and tickets, wireless ioT solutions, as well as Bluetooth Low Energy beacons.

Beontag is a technology company with a broad portfolio of IoT solutions, focused on the manufacturing of RFID labels as well as on software development for digital transformation and sustainability of supply chains and manufacturing, including traceability and authentication of products.

The Eversheds Sutherland team was led by Partner Harri Tolppanen (Picture) and also included Specialist Counsel Henrik Sandholm and Senior Associate Linda Miettinen.

Involved fees earner: Linda Miettinen – Eversheds Sutherland; Henrik Sandholm – Eversheds Sutherland; Harri Tolppanen – Eversheds Sutherland;

Law Firms: Eversheds Sutherland;

Clients: Confidex;

Federica Tiefenthaler

Author: Federica Tiefenthaler