TAGS: Inks
IN Groupe announces that it has agreed to acquire 100% of the shares of Gleitsmann Security Inks (GSI) from hubergroup Deutschland for an undisclosed consideration in cash. The acquisition is part of the implementation of the Digital Odyssey 2025 Plan and the assertion of IN Groupe, through its Secure Components Business Unit, as a reference player for identity and banknote security.
The complementary nature of both companies will strengthen IN Groupe's products portfolio to meet the needs of Governments and Central banks in securing credentials and banknotes for both Euro and export markets.
Providing Secured Inks to Governments
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As a national printing company, it is part of IN Groupe's strategic plan to provide governments and administrations with security solutions for which IN Groupe masters the critical components, such as secure inks, and can thus develop the security of tomorrow for identity and banknotes,” said Didier Trutt, chairman and CEO of IN Groupe.
GSI is a global manufacturer of high security printing inks and associated auxiliaries. The transaction is expected to be completed within the month of May, subject to specific closing conditions.
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GSI’s know-how will provide IN Groupe with a solid platform to create new solutions for the currency and identity market. It will complete our already large product portfolio to better serve our private and public customers in the security space,” said Frédéric Trojani, executive vice president of IN Groupe Secure Components Business Unit.
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The sale of our shares in GSI will enable us to continue investing in the future growth of our new Chemicals Division and other strategic projects. I am glad that the transaction at the same time provides GSI with many synergies for the future expansion of its business,” said Heiner Klokkers, chairman of the Management Board of hubergroup.
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From our perspective, IN Groupe is an ideal, reputed and well-established player in the field of high security printing, who is supportive of GSI management’s plan for organic growth and expansion of its customer base and investment in our product portfolio,” said Ulrich Walter, managing director of GSI.
Source: IN Groupe