De La Rue to buy DuPont’s Authentication business

13/12/16

British secure printing and identity solutions firm De La Rue has announced it will buy the authentication business of DuPont Electronics & Communications for a cash consideration of $25m.

 

DuPont Authentication is a global producer of photopolymer holographic films and 3D holograms and associated software.

Its technology is used to authenticate products ranging from consumer electronics to spirits and also to secure identity documents. Its products are based on the highly specialised and secure Lippmann holography technology.

Based in Utah, USA and with operations in Delaware, DuPont Authentication has a well-established global customer base in brand protection and identity authentication. Its customers include leading government entities and companies, such as Lenovo Group and Brother Industries Ltd. The business has c40 employees and is expected to generate c$14m of revenue in the calendar year of 2016.

In its statement, De La Rue said the acquisition is in line with De La Rue’s five year strategic plan to transform the Group into a technology-led security product and service provider.

“It will strengthen De La Rue’s Security Features, Product Authentication & Traceability, and Identity Solutions product lines. DuPont Authentication’s proprietary technology will also provide a solid platform for De La Rue to create new applications for the Currency market”.

The transaction is expected to complete by the end of this calendar year, subject to specific closing conditions. It is anticipated to be earnings accretive in the first year post completion.

Martin Sutherland, Chief Executive Officer of De La Rue, commented:

“We are delighted to have made further progress against our 2020 strategic plan by adding DuPont Authentication to the De La Rue family. It is a business with a strong intellectual property portfolio, global blue-chip customers and a committed and experienced workforce.

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