HID Global Announces Agreement to Acquire De La Rue’s Citizen Identity Business
12 June 2019 - 4:31PM
Business Wire
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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Leah Washingtonlwashington@hidglobal.com
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