Gemalto reinforces long time partnership with Plastkart, a leading smart card and service provider in Turkey
Amsterdam – June 26, 2012 – Gemalto (Euronext NL 0000400653 GTO), the world leader in digital security, today announces that it has acquired a controlling interest in Plastikkart Akıllı Kart İletişim Sistemleri
Sanayi ve Ticaret A.Ş. (Plastkart), a regional leader in personalization services and smart card production based in Turkey.
Plastkart is a public company, listed on the Istanbul Stock Exchange (symbol: PKART). Gemalto will now apply to the Turkish Capital Market Board (CMB) in order to fulfill its obligation to make a public offer for the remainder of the shares that it does not already own. The Information Sheet describing the terms of the offer will be available within 45 days, after review and approval by the CMB.
Gemalto has been Plastkart’s long term technology partner, since 2003. Going forward, the companies will continue to co-operate as in the past, with Plastkart focusing on the fast growing Turkish market of 75 million inhabitants. Turkish banks are already deploying dual interface contactless cards in large volumes. Commenting on the transaction, Olivier Piou, CEO of Gemalto, stated “The Turkish digital security market is highly innovative. It was an early adopter of contactless payment, NFC and mobile digital identity for example. Plastkart has built a reputation for quality and service in the Turkish market, and we look forward to continuing to work with the Plastkart team in the future”.
Ali Yildiz, CEO of Plastkart, added “Gemalto has supported our development over the past decade. As our industry shifts towards software and services, it was important that Plastkart aligns itself strategically with the best technology partner, and we are really happy to be able to do so today”.
Gemalto (Euronext NL0000400653 GTO) is the world leader in digital security with 2011 annual revenues of €2 billion and more than 10,000 employees operating out of 74 offices and 14 Research & Development centers in 43 countries.
We are at the heart of our rapidly evolving digital society. Billions of people worldwide increasingly want the freedom to communicate, travel, shop, bank, entertain and work–anytime, everywhere–in ways that are convenient, enjoyable and secure. Gemalto delivers on their expanding needs for personal mobile services, payment security, identity protection, authenticated online services, cloud computing access, eHealthcare and eGovernment services, modern transportation solutions and machine-to-machine (M2M) communication.
Gemalto develops secure software that runs on trusted devices which we design and personalize. We manage these devices, the confidential data they contain and the services they enable, throughout their life cycle. We innovate so that our clients can offer more ways of enhancing the convenience and security of their end-users’ digital lives.
Gemalto is thriving with the growing number of people using its software and secure devices to interact in the digital and wireless world.
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