We have advised IN Groupe, a French-headquartered global specialist in secure identity and digital services, on the acquisition of Gleitsmann Security Inks GmbH (GSI), a leading global manufacturer of high-security printing inks and associated auxiliaries based in Berlin, Germany.
IN Groupe has agreed to acquire 100% of the shares of GSI from hubergroup Deutschland GmbH for an undisclosed consideration in cash.
IN Groupe, formerly known as Imprimerie Nationale, is a French-headquartered global specialist in identity and secure digital services, addressing more than 130 countries in the world. In addition to its solutions dedicated to legal and professional identity security, IN Groupe develops and sells leading-edge security components for identities, and banknotes through its dedicated brands Surys (optical components) and SPS (electronic components).
This 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 product portfolio to meet the needs of Governments and Central banks in securing credentials and banknotes for both Euro and export markets.
GSI is a leading global manufacturer of high-security printing inks and associated auxiliaries. With its worldwide operations based in Berlin, Germany, and a history of 175 years it is a trusted partner of many state print works and commercial security printing companies throughout the world.
The business has 80 employees and is expected to generate a double-digit euro million figure of revenue in this calendar year and throughout the business plan period.
This transaction is expected to be completed during the first half of 2023, subject to customary approvals.
