HID Global to acquire De La Rue’s citizen ID business
Acquisition will broaden HID Global’s government-to-citizen identification offering
HID Global is to acquire the international identity products business of De La Rue.
The acquisition will broaden and extend HID Global’s government-to-citizen identification business.
Through its identity solutions business, De La Rue delivers identity documents and software products 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 organisations will benefit from the expanded range of e-government solutions that will be offered as a result of the acquisition.”
The transaction is expected to close by Q3 2019, subject to regulatory approval and customary closing conditions. Financial terms of the agreement are not being publicly disclosed.
Following the close, De La Rue’s identity 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.