IN Groupe Buys GSI

IN Groupe, owners of the optical features specialist SURYS, has agreed to buy 100% of the shares of Gleitsmann Security Inks from hubergroup Deutschland for an undisclosed consideration in cash.

This is the second acquisition in as many months for the French-headquartered state security printer and secured digital services specialist. Two months ago, it acquired the security components business of Portals, which was formerly known as Fabriano (see HN June 2023).

According to IN Groupe, the complementary nature of both companies will strengthen the group’s portfolio to meet the needs of governments and central banks in securing credentials and banknotes for both euro and export markets.

‘As a national printing company, it is part of (our) strategic plan to provide governments and administrations with security solutions for which IN Groupe masters the critical components, and can thus develop the security of tomorrow for identity and banknotes’ said Didier Trutt, Chairman and CEO.