Oberthur reorganization to boost identity business
Oberthur Card Systems (OCS) and Francois-Charles Oberthur Fiduciaire (FCOF) have announced a plan to regroup their businesses under OCS with a view to creating a new company called Oberthur Technologies.
According to the companies, their businesses are complementary both in terms of geographic location and activity. By combining them, OCS will be able to:
- boost growth in its Identity businesses;
- expand in the mobile phone scratch card market;
- exploit growth potential in Value Protection.
The identity segment is a significant part of the group’s future growth. Oberthur Card Systems is a leading provider of smart card solutions, while FCOF supplies more than 50 countries with secure identity documents (traditional passports, visas, identity cards) and electronic passports.
The new group will provide a range of high value-added services and products for the identity sector: secure printing on plastic and paper, smart card technologies, inlays and document personalization. In addition, with the combined sales and marketing teams from both companies the new entity would instantly be active in more than 50 countries, the companies claim.
The new group would report pro-forma 2006 revenue of Euros 645 million, including 80% contributed by the card business.