The Fedrigoni Group, a provider of speciality papers for luxury packaging and premium labels, has acquired a minority stake in SharpEnd, an Internet of Things (IoT) solutions and consulting company.
The financial details of the deal have not been disclosed.
This investment is part of Fedrigoni’s new corporate venture capital programme aimed at accelerating innovation and acquiring new technologies.
SharpEnd, which was founded in 2015, focuses on helping brands enhance their products, packaging, and customer engagement through connected solutions.
The company’s proprietary software as a service platform, io.tt, manages billions of touchpoints across various sectors, including drinks, beauty, wellness, and luxury fashion.
Launched in 2019, the platform is currently utilised in more than 130 countries.
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Fedrigoni CEO Marco Nespolo said: “The world of connected products is increasingly strategic for us, and this highly complementary and synergic transaction with the recent bolt-on acquisitions of Tageos, a French company specialised in the manufacturing of UHF and NFC inlays (acquired in 2022), and the Grenoble Research and Development Center (which joined the group in 2023), will enhance our solutions portfolio in the world of smart labels and papers.”
Established in 1888, Fedrigoni provides labels, self-adhesive materials, and value-added papers for luxury packaging and other creative solutions.
It has more than 5,000 employees across 28 countries and 25,000 products.
The company distributes in 132 countries and, due to recent acquisitions, has become a leading player in the industry.