HID Global®, a worldwide leader in trusted identity
solutions, today announced that it has signed an agreement to
acquire the international identity solutions business of De La Rue
(LSE:DLAR). 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 to customers in a
world where currency will continue to be a key part of the developing
payments eco-system. De La Rue is the only integrated supplier of both
paper and polymer banknotes, and creates security features that ensure
banknotes are protected against counterfeiting. De La Rue is the world’s
largest commercial designer and printer of passports, delivering
national and international identity tokens and software solutions for
governments in a world that is increasingly focused on the importance of
a legal and secure identity for every individual. De La Rue also creates
and delivers secure product identifiers and ‘track and trace’ software
for governments and commercial customers alike to help to tackle the
challenge of illicit or counterfeit goods and the collection of revenue
and excise duties. De La Rue is listed on the London Stock Exchange
(LSE:DLAR). For further information visit www.delarue.com
About HID Global
HID Global powers the trusted identities of the world’s people,
places and things. We make it possible for people to transact
safely, work productively and travel freely. Our trusted identity
solutions give people convenient access to physical and
digital places and connect things that
can be identified, verified and tracked digitally. Millions of people
around the world use HID products and services to navigate their
everyday lives, and over 2 billion things are connected through HID
technology. We work with governments, educational institutions,
hospitals, financial institutions, industrial businesses and some of the
most innovative companies on the planet. 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.
© 2019 HID Global Corporation/ASSA ABLOY AB. All rights reserved. HID,
HID Global, the HID Blue Brick, the logo, and the Chain Design are
trademarks or registered trademarks of HID Global, ASSA ABLOY AB, or its
affiliates(s) in the US and other countries and may not be used without
permission. All other trademarks, service marks, and product or service
names are trademarks or registered trademarks of their respective owners.
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