HID Global to acquire De La Rue’s Citizen Identity business
HID Global has signed an agreement to acquire the international identity solutions business of De La Rue. According to the announcement, the acquisition will broaden HID’s market position in the government-to-citizen identification market and extend its capabilities.
De La Rue, through its identity solutions business, delivers identity documents and software solutions for more than 25 countries, with market presence in Africa, Asia, Europe, Latin America and the Middle East. The company is a solution provider to government departments, and works directly with ministries of the interior, immigration departments, police departments, and other government entities and agencies.
“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,” explains 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.”
The transaction, expected to close by Q3 2019, is subject to regulatory approval and the usual closing conditions. Financial terms 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.
HID Global acquired biometrics firm Crossmatch last September.
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Article Topics
acquisitions | biometrics | De La Rue | egovernment | HID Global | identity document
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