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General

Oberthur to acquire NagraID Security

Tuesday 19 August 2014 | 10:42 CET | News
Digital security company Oberthur Technologies has signed an agreement to acquire NagraID Security from Kudelski and the company's management for an undisclosed amount. NagraID Security develops and markets powered display cards to secure access to the cloud, primarily for companies operating in financial payments, authentication and identification solutions. Oberthur CEO Didier Lamouche said the acquisition is a significant move for his company in the very competitive payment card market and in particular helping to reduce fraud for card remote transactions.

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Categories: General
Companies: Kudelski Group / Oberthur Technologies
Countries: World
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