Gemalto Acquires Trub Ag's Secure
Gemalto acquires Trub AG's secure document business further
strengthening its world leadership in digital identity
programs for governments
AMSTERDAM, Netherlands, Feb. 10, 2015 (GLOBE NEWSWIRE) -- 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 Trub AG.
Trub 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, Trub provides identification solutions primarily to governments and banks and is a leading provider of high security polycarbonate identity documents. Known for its innovation capabilities, Trub has also introduced a number of patented security features to the market.
The Trub 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.
"Trub 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, Trub 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.
About Gemalto
Gemalto (Euronext NL0000400653 GTO) is the world leader in digital security with 2013 annual revenues of ñEur]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...
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