Search DubaiPRNetwork.com

Home >> Technology

HID Global Announces Agreement to Acquire De La Rue's Citizen Identity Business

Sunday, June 23, 2019/ Editor -  

Share

Home >> Technology

Dubai, UAE, June 23, 2019 – 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. 


Previous in Technology

Next in Technology


Home >> Technology Section

Latest Press Release

Over 200 cyclists take part in NYU Abu Dhabi's second annual Ride for Zayed

Abu Dhabi Airports welcomes new services from Jazeera Airways at Al Ain Internat ...

Torrente, Al Mansoori Edge Closer to Another Xcat World Title With Dubai Grand ...

IATA to Improve Efficiency of Cargo Handling Audits

Carbon Emissions Per Passenger Decrease More Than 50% Since 1990'

Two New Looks for the Legendary Diver

Action Vehicles From No Time to Die Now on Display at Bond in Motion

Palm Tree Added to UNESCO's Representative List of Intangible Cultural Heritage ...

Corum Golden Bridge Round 43 Art Deco'

Abu Dhabi Ports announces AED 4Bn expansion projects at Khalifa Port on its 7th ...

Aster DM Healthcare celebrates 33rd Foundation Day by announcing launch of 5 new ...

INFINITI Engineering Academy 2019 Middle East winner awarded a life-changing car ...

Gulf Electrical Power Laboratories is now operational to optimize power assets i ...

Dubai Chamber seminar examines global trade trends and market opportunities

Share in the Festive Fun at City Centre Me'aisem's Outdoor Winter in Wonderland

25by2025 Gains Momentum with 59 Airlines Joining the Campaign

All family members are invited to enjoy their great moments at City Centre Musca ...

It's time to cover up - Knee high boots from Steve Madden

New Jaguar Lifestyle Collection Inspired by Classic Mark 2 Saloon

MSC Cruises Signs Long-term Agreement With DP World for Preferential Berthing Ri ...