Nazca Capital has acquired a majority stake in Clustag, a leading provider of RFID intralogistics automation solutions, to support its international expansion and strengthen its global leadership. Founded in 2015 in Valencia, Clustag develops cutting-edge RFID technology. It ensures the highest accuracy, reliability, and speed in complex logistics environments. As a result, this transaction marks the fourth investment by the Nazca Small Cap II fund and represents a key step in consolidating Clustag’s growth strategy and innovation leadership.
Nazca Capital, a leading private equity firm specializing in Spanish unlisted SMEs, has acquired its stake through its Nazca Small Cap II fund. Clustag is a leading company in RFID reading solutions for logistics environments.
The role of RFID in logistics and supply chain efficiency
RFID (Radio Frequency Identification) technology is transforming the way companies control and optimize their operations. Specially, it enables real-time identification and tracking of products without physical contact or direct line of sight. This technology provides total inventory visibility, reduces losses and errors, increases speed and operational efficiency, enhances the customer experience, and generates significant cost and time savings. In an increasingly complex logistics and e-commerce landscape, these advantages are decisive.
Clustag’s position as a global leader in RFID automation
Clustag is a benchmark in the intralogistics segment thanks to its broad portfolio of innovative, customer-oriented solutions. The company designs and manufactures its own equipment, achieving the highest reading accuracy, reliability, and speed in the market. Moreover, these solutions enable cost savings and greater supply chain control in demanding and complex logistics environments. In addition, they are fully compatible with all RFID tags available in the market. This unique value proposition is the result of over ten years of specialization and continuous improvement led by Clustag’s dedicated R&D team.
Financial growth and international presence
The company expects to exceed €18 million in revenue by 2025, maintaining the double-digit growth achieved in recent years. Furthermore, more than 50% of its sales come from international markets, with a presence in over 25 countries and subsidiaries in the United States and Mexico. Its client portfolio includes leading operators in sectors such as fashion, retail, consumer goods, healthcare, and cosmetics. In addition, it serves logistics operators and automation engineering firms.
Leadership continuity and strategic vision
Luis Ríus, founder and CEO of the company, will remain as shareholder and chief executive. He will lead a new plan focused on continuing international growth, increasing presence in sectors where RFID adoption is still emerging, and supporting the radio frequency identification rollout among textile manufacturers.
This transaction also involves the exit of RFID tag supplier SML Intelligent Inventory Solutions, leaving Nazca and Luis Ríus as the sole shareholders of Clustag.
Through this acquisition, Nazca will contribute its experience in high-growth and international expansion projects. Consequantly, it will accompany Clustag in a new phase of development that will build on its innovative character, commitment to continuous improvement, and customer-centric approach through tailored solutions.
This investment marks the fourth transaction completed by Nazca Small Cap II, which already includes Global Factor (a leader in sustainability and environmental markets), Coycama and Becrisa (a leading group in the bathroom sector), and Laberit (a leader in digital transformation services).
According to Luís Rius, CEO of Clustag:
“Nazca’s entry represents a major milestone for Clustag and validates our successful trajectory in recent years. We are convinced that Nazca is the right partner to drive this new stage of strong growth and to consolidate our position as a global leader.”
According to Celia Pérez-Beato, Head of Nazca’s Small Cap strategy:
“Clustag fits perfectly with Nazca’s investment strategy. Indeed, it is a company with an excellent management team, exposure to a high-growth market, and a strong international presence. Its technology-based and service-driven value proposition allows it to meet the needs of global leading clients with excellence.”
As part of the transaction, Deloitte, KPMG, and Uría Menéndez advised Nazca, while Livingstone Partners and Araoz & Rueda advised Clustag.
