IN Groupe Acquires Gleitsmann Security Inks
15 July 2023: IN Groupe has announced that it has agreed to acquire 100% of the shares of Gleitsmann Security Inks GmbH (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 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 sales 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 products portfolio to meet the needs of Governments and Central banks in securing credentials and banknotes for both Euro and export markets.
Didier Trutt, Chairman and CEO of IN Groupe says “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.”
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 million EUR figure of revenue in this calendar year and throughout the business plan period.
Frederic Trojani, Executive Vice President of IN Groupe Secure Components Business Unit: “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.”
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