GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Technology

 
  Share

Dubai, UAE, June 23, 2019 – HID Global®, a worldwide leader in trusted identity solutions, today announced that it has signed an agreement to acquire the international identity solutions business of De La Rue (LSE:DLAR). The acquisition will broaden HID Global's leadership position in the government-to-citizen identification market and extend its capabilities.

Through its identity solutions business, De La Rue delivers identity documents and software solutions for governments around the world. It issues secure identity documents for more than 25 countries, with significant market presence in Africa, Asia, Europe, Latin America and the Middle East.

“With complementary products, solutions and services that are highly synergistic with HID Global's current offerings, De La Rue's identity solutions business is an excellent strategic fit with our mission to power the trusted identities of the world's people, places and things,” said Stefan Widing, President and CEO of HID Global. “Customers of both organizations will benefit from the expanded range of e-government solutions that will be offered as a result of the acquisition.”

De La Rue's identity solutions business excels as a prime solution provider to government departments, working directly with ministries of the interior, immigration departments, police departments, and numerous other government entities and agencies.

The acquisition is subject to regulatory approval and customary closing conditions. The transaction is expected to close by Q3 2019. Financial terms of the agreement are not being publicly disclosed. Following the close, De La Rue's identity solutions business will become a part of HID's Citizen Identity Solutions business area, which is led by Jessica Westerouen van Meeteren, Vice President and Managing Director. 



Posted by : GoDubai Editorial Team
Viewed 2623 times
Posted on : Sunday, June 23, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Lg to Display Advanced Led Screens Installed at Newly Renovated Cairo Stadium
Next Story : Telecom Egypt and Juniper Networks Partner to Enable Digital Transformation for Egypt's Enterprises
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
VARA - 2019 Fall/Winter Collection
Nursery children gift Eid packages to labourers
An increase of 36.7% compared to the first quarter
Eid Al Adha Event Program
US $859bn Oil, Gas and Petrochemical Projects Underway or Planned in the MENA Re...
Dubai Festival City Mall Celebrates Global Independence Days with Exclusive IMAG...
Eid Gifting
Turkish Airlines continues its journey to the top with new cabin uniforms
Alisha Moopen appointed as the Deputy Managing Director of Aster DM Healthcare
Evonik sticks to full-year outlook despite cooling economy
GEMS Education offers up some expert ways to get your children to read in the la...
Zulekha Hospital Sharjah Honored With Baby Friendly Hospital (BFHI) Accreditatio...
Benefits to young people of becoming a freelancer a focus at International Youth...
Al-Futtaim Toyota delivers strong H1 results
FireEye Identifies Prolific Chinese Cyber Threat Group
Eyes of the World on Expo 2020 Dubai
MoHAP Announces Working Hours at Primary Health Care & Preventive Medicine Cente...
Lenovo Introduces Single-socket Servers, Designed Specifically for Edge and Data...
LG Signature Responds to Market Demand for Luxury Appliances With Expanded Lineup
9th Muslim World Business and Investment Zone to host Jewels of the Muslim World...
Sharjah Exports Development Center Achieves Record Results in First Half of 2019
A Guide to Making Yourself Happier and Healthier
Show your Nanny some love and treat them to a Complimentary Haircut throughout A...
Express Auto Wash offers festive deals during Eid Al Adha
Get a Complimentary Sushi Roll on Any Bento Box at Sumo Sushi & Bento
New Mimecast Report Reveals Analysis of 67 Billion Rejected Emails
Air Freight in Decline for Eighth Consecutive Month
Three Bangladeshi businessmen from same family awarded UAE Gold Visa – a first i...
Introducing Lunette: A Tool to Empower Women
Celebrate Eid Al Adha at Dubai Festival City
Robinsons Showcases Malone Souliers' Stunning New Collection for Pre-Fall 19
Corum Golden Bridge Titane DLC - black beauty for the man of style
Marks & Spencer Unveils Its Autumn 2019 Kidswear Collection
GUESS - The Perfect Tote
Corum Admiral Legend 42-Icon ahead
Ferragamo Urban - 2019 Fall/Winter Collection
Ralph Lauren Debuts “Wear Your Story” Denim Campaign
The future of photography and videography is in Canon's hands, with five 2019 EI...
Rock Chic Edit with GUESS
Jaguar I-pace: Redefining What It Means to Be a ‘CAR'
Modular Sofa's by Boconcept
Spare a thought for abandoned cats today – International Cat Day!
Sandro: The Power Suit
Al Ain Hospital doctors save young girl from 2.5 cm pin in her lungs
Forecasting Mesmerising Sea Views and Exotic Seafood at Gonu
Acclaimed Coin Collector to Pay Homage to UAE with Rare Coin Collection at ‘Year...
Marks & Spencer Celebrates the Success of its First Ever Vegan-Friendly Line – P...
Hormann announces speed rolling shutter DD S6
GEMS Education students shine with excellent A-Level examination results
Abu Dhabi Airports completes preparations for the return of Hajj pilgrims