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.