• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

HID Global to Acquire Passport Business of De La Rue

June 14, 2019

HID Global to Acquire Passport Business of De La Rue

HID Global has established an agreement to acquire the identity solutions business of UK-based De La Rue, a manufacturer of banknotes, tax stamps, and passports.

In announcing the acquisition, HID Global asserted that it would strengthen its position in the global government-to-citizen identification market, adding that De La Rue has a “significant market presence in Africa, Asia, Europe, Latin America and the Middle East.”

The news comes after HID Global’s acquisition of biometric identity solutions provider Crossmatch last September, with a broader acquisitions-driven growth strategy taking shape on the part of Texas-based HID Global. De La Rue’s identity documents business is to be folded into HID Global’s Citizen Identity Solutions division.

Commenting on the acquisition, HID Global CEO Stefan Widing said that De La Rue’s solutions are “highly synergistic with HID Global’s current offerings,” with De La Rue’s business being “an excellent strategic fit” with respect to HID Global’s overall goals and strategy. “Customers of both organizations will benefit from the expanded range of e-government solutions that will be offered as a result of the acquisition,” he said.

HID Global has not disclosed the financial terms of the acquisition agreement, but has indicated that it’s expected to close by the third quarter of this year, subject to regulatory approval.

Filed Under: Industry News Tagged With: acquisitions, Biometric, biometrics, citizen ID, corporate news, De La Rue, government ID, HID Global, identity solutions, M&A, mergers and acquisitions

Related News & Articles

ID R&D’s Voice Recognition Tech Ranks First in SdSV Challenge

JENETRIC Unveils LIVETOUCH quattro Compact at GIS 2016 Party

iOS Beta 13.5 Lets Users Wearing Face Masks Skip Biometric Authentication

Primary Sidebar

Register For the Next Virtual Identity Summit

Register now!

Tweets

Sponsored Links

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi's product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • FCC Tells Apple and Google to Get Rid of TikTok
  • Yubico Offers Subscriptions Through AWS Marketplace
  • Saskatchewan Privacy Commissioner Urges Development of Optional Digital ID
  • Wearable Authentication Company Closes $13 Million Funding Round
  • Fobi and Barnet Unveil New Digital Wallet Loyalty Solution

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2022 MobileIDWorld