HID Global to Acquire De La Rue’s Citizen Identity Business
HID Global announced the 12th of June that it has signed an agreement to acquire the international identity solutions business of De La Rue, the world’s largest designer and commercial printer of banknotes that is noted on the London Stock Exchange. The acquisition will broaden HID Global’s leadership position in the government-to-citizen identification market and extend its capabilities.
Through its identity solutions business, De La Rue delivers identity documents and software solutions for governments around the world. It issues secure identity documents for more than 25 countries, with significant market presence in Africa, Asia, Europe, Latin America and the Middle East.
“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,” said Stefan Widing, President and CEO 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.”
De La Rue’s identity solutions business excels as a prime solution provider to government departments, working directly with ministries of the interior, immigration departments, police departments, and numerous other government entities and agencies.
The acquisition is subject to regulatory approval and customary closing conditions. The transaction is expected to close by Q3 2019. Financial terms of the agreement are not being publicly disclosed. Following the close, De La Rue’s identity solutions business will become a part of HID’s Citizen Identity Solutions business area, which is led by Jessica Westerouen van Meeteren, Vice President and Managing Director.
Information about HID’s portfolio of citizen ID solutions is available here.
About De La Rue
De La Rue’s purpose is to enable every citizen to participate securely in the global economy. As a trusted partner of governments, central banks and commercial organisations, De La Rue provides products and services that underpin the integrity of trade, personal identity and the movement of goods. As the world’s largest designer and commercial printer of banknotes, De La Rue designs, manufactures and delivers banknotes, banknote substrates and security features. For further information visit www.delarue.com
About HID Global
HID Global powers the trusted identities of the world’s people, places and things. HID Global enables people to transact safely, work productively and travel freely. HID Global’s trusted identity solutions give people convenient access to physical and digital places and connect things that can be identified, verified and tracked digitally. Headquartered in Austin, Texas, HID Global has over 3,000 employees worldwide and operates international offices that support more than 100 countries. HID Global® is an ASSA ABLOY Group brand. For more information, visit www.hidglobal.com.