We have advised IN Groupe a French-headquartered global specialist in secure identity and digital services, on the acquisition of Portals’ security components business based in Bollate, Italy.
IN Groupe, global specialist in identities and digital services, signed an agreement with Portals, a UK-headquartered company and one of the world’s leading suppliers in the high security document market, for the sale of Portals’ security components business, owned by Portals Technology Srl and based in Bollate, Italy.
Portals’ security components business specialises in the production of security features for the global banknote, passport and high security documents markets. With over 80 years’ experience in developing and manufacturing high security components, the business uses specially developed technology to produce anti-counterfeiting features such as security threads, holographic stripes and patches.
IN Groupe (formerly known as Imprimerie Nationale) is a French-headquartered global specialist in identity and secured 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 (electronical components).
This acquisition is part of the implementation of the Digital Odyssey 2025 Plan and the assertion of IN Groupe, through its Surys brand, as a reference player for identity and banknote security. The complementary nature of the Bussy-Saint-Georges (France) and Bollate (Italy) sites will strengthen IN Groupe's product portfolio to meet the needs of the Euro and Eurozone export markets.
This transaction is expected to complete during the first half of 2023, subject to customary approvals.
