Gemalto acquires Trüb AG's secure document business further strengthening its world leadership in digital identity programs for governments
Amsterdam, February 10, 2015 - Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security, today announced that it has signed a definitive agreement to acquire the secure document business from Trüb AG.
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. The transaction will be immediately accretive to adjusted EPS (Earnings Per Share before purchase price allocation) upon completion.
"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.
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Gemalto (Euronext NL0000400653 GTO) is the world leader in digital security with 2013 annual revenues of €2.4 billion and more than 12,000 employees operating out of 85 offices and 25 research and software development centers, located in 44 countries.
We are at the heart of the rapidly evolving digital society. Billions of people worldwide increasingly want the freedom to communicate, travel, shop, bank, entertain and work – anytime, everywhere – in ways that are enjoyable and safe. Gemalto delivers on their expanding needs for personal mobile services, payment security, authenticated cloud access, identity and privacy protection, eHealthcare and eGovernment efficiency, convenient ticketing and dependable machine-to-machine (M2M) applications. We develop secure embedded software and secure products which we design and personalize. Our platforms and services manage these products, the confidential data they contain and the trusted end-user services made possible.
Our innovations enable our clients to offer trusted and convenient digital services to billions of individuals. Gemalto thrives with the growing number of people using its solutions to interact with the digital and wireless world.
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