HID Global completes acquisition of De La Rue

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HID Global completes acquisition of De La Rue | #TpromoCom #HID #Acquisition #Security | HID Global has completed the acquisition of the international identity solutions business of De La Rue, the world’s largest commercial issuer of banknotes and passports.

The De La Rue business will be merged with HID’s citizen identity solutions portfolio, broadening HID Global’s leadership position, extending its capabilities to scale and assemble government-issued citizen IDs, and expanding the value delivered to customers.

“HID Global and the De La Rue international identity solutions business share the common goal of helping governments fulfill their e-government initiatives today and in the future by converging physical and digital identities to increase efficiency, security and flexibility,” said Stefan Widing, President and CEO, HID Global. “The acquisition sets the stage for HID to leverage the decades-long relationships De La Rue has had as a prime citizen ID supplier providing HID’s innovative solutions to governments seeking to modernise. From making it possible for citizens to use mobile IDs with their smartphones in everyday life to providing travelers with a more secure and convenient passport for border crossing, HID is transforming the citizen experience.”

Today, HID Global’s citizen identification solutions can be found in sixty percent of all government-issued electronic identity projects around the world. HID delivers complete, end-to-end system solutions that meet governmental requirements for national IDs, passports, foreign resident IDs, driver licenses, vehicle registration and other programmes.

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ASSA ABLOY acquires De La Rue´s Citizen Identity Business in the UK

ASSA ABLOY acquires De La Rue´s Citizen Identity Business in the UK | #TpromoCom #Identification #ID #Passport | ASSA ABLOY has signed an agreement to acquire the international identity solutions business of De La Rue, a leading passport manufacturer based in the UK.

“De La Rue´s international identity solutions business is a strategic technological addition to the ASSA ABLOY Group. The company reinforces our current offering within secure identity solutions. The acquisition of De La Rue´s identity solutions business considerably enhances the Group´s position within citizen ID and will provide complementary growth opportunities,” says Nico Delvaux, President and CEO of ASSA ABLOY.

“With complementary products, solutions and services that are highly synergistic with HID Global’s current offerings, De La Rue’s identity solutions business is an excellent strategic fit with our mission to power the trusted identities of the world’s people, places and things,” says Stefan Widing, Executive Vice President and Head of HID Global. “Customers of both organizations will benefit from the expanded range of e-government solutions that will be offered as a result of the acquisition.”

The identity solutions business of De La Rue has some 200 employees, and the main office is located in Basingstoke, UK.

Sales for the acquired business’ fiscal year to 30 March 2019 was about GBP 38 million (approx. SEK 460 million) and the acquisition will be neutral to EPS from start.

The acquisition is subject to regulatory approval and customary closing conditions and is expected to close during the third quarter of 2019.

For more information, please contact:
Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82
Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72
Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68

About ASSA ABLOY
The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 48,500 employees and sales of SEK 84 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY’s innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world. (Source: click here)

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