Advent to Acquire Oberthur's Card Systems and Identity Activities
Advent International, a global private equity firm, and Oberthur Group have entered into exclusive negotiations for Advent to acquire Oberthur’s card systems and identity division.
The card systems division specialises in security based on smart card technology. It is a large global provider of security and identification solutions and services for mobile, payment, transport, digital TV, and convergence markets. Clients include mobile operators, financial institutions, transport operators and conditional access system providers.
The identity division manufactures secure identity documents, such as passports, identity cards, driving licenses and healthcare cards, and associated services for both governmental and corporate markets.
Jean-Pierre Savare, president of Oberthur Group, said: “Advent International’s expertise in technology, in particular in electronic payment, is proven. I am very confident in their ability to support the strategic growth of the card and identity activities. This project would be the next exciting phase in the history of our group, which would concentrate on its fiduciary activities.”