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Advent International completes acquisition of Oberthur Technologies Card Systems and Identity divisions

Thursday 1 December 2011 11:16 CET | News

Advent International, the global private equity firm, has completed the acquisition of the Card Systems and Identity divisions of Oberthur Technologies, the US-based provider of smart card-based services. The transaction is valued at EUR 1.15 billion.

Advent International, along with the company’s management, now controls 90 percent of Oberthur Technologies’ capital. Jean-Pierre Savare, founder of the Oberthur group and his family own a 10 percent stake in the capital. Advent International is set to support the company’s growth through potential external acquisitions to improve its technological development. The Oberthur group has recorded sales of EUR 814.5 million for the fiscal year 2010.

The Card Systems Division provides security and identification 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 specializes in manufacturing of secure identity documents, such as passports, identity cards, driving licenses and healthcare cards and associated services for both governmental and corporate markets.


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Keywords: Advent International. acquisition, Oberthur Technologies, Card Systems and Identity divisions, cards
Categories: Payments & Commerce
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Countries: World
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