Gemalto to Acquire Secure Document Business from Trub AG.
M2 EQUITYBITES-February 10, 2015-Gemalto to Acquire Secure Document Business from Trub AG
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10 February 2015 - Dutch digital security specialist Gemalto has signed a definitive agreement to acquire the secure document business from Swiss secure printing specialist Trub AG, the company said on Tuesday.
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.
Currently, Trub provides identification solutions primarily to governments and banks and is a 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 position in high security identification documents and will also enable Gemalto to serve the Swiss market of financial institutions, the company said.
Once completed, the acquisition will contribute to Gemalto revenues by approximately CHF 100m on a full year basis.
The transaction will be immediately accretive to adjusted EPS (Earnings Per Share before purchase price allocation) upon completion. The terms of the transaction, which is expected to close in the second quarter of 2015, were not disclosed.
Gemalto posted 2013 annual revenues of EUR 2.4bn. The company ha smore than 12,000 employees operating out of 85 offices and 25 research and software development centres, located in 44 countries.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Feb 10, 2015|
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