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Behind The ScreenBehind The Screen
Home»Fintech»G+D to buy Valid’s US payments and ID business
Fintech

G+D to buy Valid’s US payments and ID business

July 4, 2022No Comments1 Min Read
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G+D to buy Valid's US payments and ID business
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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.

G+D has been established within the US since 1990 however hopes that the acquisition will spur progress within the huge market.

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.”

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