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Gemalto Finalizes Acquisition of 3M’s Identity Management Business

Company in-sources biometric technology for governmental and commercial applications

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Gemalto announced the closing of the acquisition of 3M’s Identity Management Business after approval by the relevant regulatory and antitrust authorities. This strategic acquisition rounds out Gemalto’s Government Programs offering by adding biometric technologies and more secure document features and it positions the company to provide solutions for the promising commercial biometrics market.
 
The Identity Management Business will be integrated into Gemalto Government Programs business. In 2016, the acquired business generated $202 million in revenue and an estimated $53 million in profit from operations.
 
“With the acquisition of 3M’s Identity Management Business, Gemalto makes a strategic move by in-sourcing biometric technology. Combining our market access, technologies and expertise will enable Gemalto to further accelerate the deployment of trusted national identities and to offer strong end-to-end biometric authentication solutions throughout the digital economy,” said Philippe Vallée, Gemalto CEO.
 
The business includes 3M Cogent, Inc., a wholly owned subsidiary of 3M, which provides a full spectrum of biometric solutions with a focus in law enforcement, border control and civil identification. The identity management business was part of 3M’s Traffic Safety and Security Division, which is in the Safety & Graphics business. Approximately 450 3M employees are expected to join Gemalto or one of its affiliates.

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