IN Groupe comments on Surys plan

12/08/19


IN Groupe has confirmed it has entered into exclusive negotiations for the potential acquisition of SURYS, saying together they would form a leading player in France and worldwide, operating across the full spectrum of the identity market, as well as the track and trace and banking business, from security components to digital and biometric solutions.

IN Groupe (formerly known as Imprimerie Nationale), global specialist in identity and secured digital services has entered into exclusive negotiations with the shareholders of SURYS, global reference in the optical security solutions, with a leading market position on the market of securing identity documents, and state-of-the-art optical & digital authentication technologies provider, for its potential acquisition.

"SURYS expertise in authenticating and protecting the document variable data, with know-how in image analysis and fingerprinting algorithms, would complete IN Groupe global offer in the field of identity and services, especially in security components for identity documents and banking activities, biometric solutions, digital identity offering, and traceability of sensitive products", wrote the company.

"On a broader level, this acquisition would consolidate the French identity industry for the benefit of the French identity papers and documents".

SURYS (over 400 employees across the globe) is currently owned by Hugues Souparis, its founder and majority shareholder, together with private equity funds Abénex and Cathay Capital, and by its management.

Subject to usual regulatory conditions, including the information - consultation of the works councils (“comités social et économique”) of both groups, the transaction is expected to close by the end of the second half of 2019.

 

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