Germany’s Giesecke+Devrient (G+D) has agreed to purchase the US funds and identification property of Brazilian outfit Legitimate. Phrases of the deal weren’t disclosed.
Legitimate has been within the States since 2012, and counts a bunch of monetary establishments and retailers, in addition to varied authorities companies, as clients.
The deal consists of three manufacturing amenities which collectively make use of greater than 400 folks. G+D will take over the native cost card manufacturing amenities, whereas its subsidiary Veridos will increase the present driver’s license card enterprise.
Ralf Wintergerst, group CEO, G+D, says: “With the acquisition of Legitimate’s cost and identification enterprise within the US, we aren’t solely reaffirming our long-term dedication to the US market.
“The expanded answer portfolio may also enable us to proceed rising strategically in each fields – cost and identities.”