G&D takes 79% stake in secunet

06 October 2009

 

Giesecke & Devrient (G&D) now holds a 79% stake in German IT security firm secunet following the completion of the public offer phase for secunet shareholders.

G&D announced the voluntary public offer to purchase the shares back in July when it acquired a share package from RWTÜV, the major shareholder.

secunet is a specialist in high security IT solutions which counts international enterprises and public authorities among its customers. G&D says IT security technology is a strategic business sector for the company and that acquiring this share package will allow it to strengthen its foothold in this segment.

G&D acquired the majority stake in secunet of 50% plus one share in February 2004 from RWTÜV and T-Systems. In July 2009, G&D increased its stake by purchasing the remaining RWTUV shares.