by JJPGemalto Trueb ID card acquisition
Posted on Thursday, February 12, 2015
Gemalto, has announced that it has signed a definitive agreement to acquire the secure document business from Trüb AG. (February 10th 2015)
Trüb has a 150 year history of secure printing. Headquartered in Aarau, Switzerland, it has been a pioneer in eco-friendly and highly secure polycarbonate technology. Today, Trüb provides identification solutions primarily to governments and banks and is a leading provider of high security polycarbonate identity documents. Known for its innovation capabilities, Trüb has also introduced a number of patented security features to the market.
The Trüb business will reinforce Gemalto's leadership in high security identification documents and will also enable Gemalto to serve the Swiss market of Financial Institutions. Once completed, the acquisition will contribute to Gemalto revenues by approximately CHF 100 Million on a full year basis.
"Trüb is well-respected in the security market, known for its quality, imagination and high-end security technologies", said Olivier Piou, Gemalto CEO. "This acquisition contributes to the expansion of our Government Programs business and positions Gemalto as the only supplier to operate dual polycarbonate production facilities in Europe".
"We really welcome the opportunity to join Gemalto, which will provide us with greater scale and market access", said Fernando Dal Zotto, Trüb CEO. "In addition, Gemalto's broad Platforms & Service offers will enable us to propose full solutions to our customers".
The terms of the transaction, which is expected to close in the second quarter of 2015, were not disclosed.
Jeremy Plimmer has 35 years of experience in the security related print and packaging industry working originally as sales development director for manufacturers of passports, high security print and labels and more recently as a consultant. He is a graduate member of the Chartered Institute of Marketing, a Fellow of the Institute of Minerals, Materials and Mining, chairman of the West Midlands Packaging Society as well as vice chairman of the East Midlands Packaging Society.Read More
The Product & Image Security Foundation is a non-profit making trade association which was originally formed under the name of Label & Tag Security International (LTSI) in the early 1990's.
Today it operates with more than 100 members in 27 countries and is the premier international forum for manufacturers, suppliers and users of labels, tags, packaging, identification systems, materials and systems for any form of product security, brand image protection or product traceability applications and technology.