Nedap N.V. and Tag Company Ltd. today announced that they will join forces in the UK market regarding Nedap retail loss prevention solutions. This combination brings together the technical and commercial strengths of both companies. Both organizations have stated that the arrangement will take effect 1 March 2020.
This cooperation stems from the close relationship that has been established over the past few years. Tag Company will be responsible for all Nedap EAS business in the UK and will be fully supported by Nedap. The two companies already had a significant position in the market separately, the new combination has a dominant market share.
Rob Schuurman, Managing Director at Nedap Retail, commented: “We highly respect the way Tag Company established itself as a trusted retail partner and are excited about this intensified cooperation. We strongly believe that we will be able to provide our customers with an even better service in the UK retail market by joining forces, consolidating our market share. Together, we will be able to serve the UK market as a strong, reliable partner for retail article surveillance solutions.”
Jon Marchese, Managing Partner at Tag Company reacted: “We are extremely proud that Nedap puts this trust in us. This alliance is an important step for us and reflects our outstanding relationship. The Nedap EAS solutions stand for quality and innovation, which have already proven their value to the British retail market. With the cooperation between Tag Company and Nedap, we expect to further unlock the potential of these solutions.”
Inventory management solution
Nedap also intensifies its activities in the UK market regarding the promotion of !D Cloud – Nedap’s leading RFID-based inventory management platform in the apparel and fashion sector. This means that a dedicated Nedap team will fully focus on assisting retailers to adopt RFID. !D Cloud is used by fashion retailers worldwide to improve their on-shelf merchandise availability and execute a successful omnichannel strategy. Schuurman states: “We see a lot of traction for RFID-based inventory management in the UK apparel and fashion industry and strongly believe that it is one of the markets in Europe where the RFID-adoption will explode over the next years.”