IN Groupe, a global specialist in identity and secure digital services, has agreed to acquire 100% of the shares of Gleitsmann Security Inks GmbH (GSI) from hubergroup Deutschland GmbH, an international printing inks and chemicals specialist with a strong presence in India, for an undisclosed consideration in cash.
IN Groupe (formerly known as Imprimerie Nationale) is a French-headquartered global specialist in identity and secure 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 (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 product 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 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 Euros 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, said: “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.”
“The sale of our shares in GSI will enable us to continue investing in the future growth of our new Chemicals Division and other strategic projects,” said Heiner Klokkers, chairman of the Management Board of hubergroup. “I am glad that the transaction at the same time provides GSI with many synergies for the future expansion of its business.”
Ulrich Walter, managing director of GSI, added: “From our perspective, IN Groupe is an ideal, reputed and well-established player in the field of high-security printing, who is supportive of GSI management’s plan for organic growth and expansion of its customer base and investment in our product portfolio.”
hubergroup’s presence stretches back more than 255 years. In its two divisions, the company develops innovative, sustainable products and services to enable its customers to achieve first-class results. The Print Solutions Division produces inks, varnishes and printing auxiliaries for packaging, commercial and newspaper printing. The chemicals division produces specialty chemicals such as resins, laminating adhesives, pigments and additives at its plants in India.
hubergroup employs around 3,300 people in almost 30 countries and generated annual sales of around 813 million Euros in 2022.