Company News

Veridos Acquires US Identity Solutions Business

Veridos, a leading provider of integrated identity solutions, has acquired Valid USA’s identity solutions business to further grow its presence in the US market. A particular focus will be on enhancing its driving licence offering.

The takeover is part of an overall acquisition initiated by Veridos’ parent company Giesecke+Devrient (G+D). Veridos, the joint venture between G+D and Bundesdruckerei, will continue Valid’s production activities in Fort Wayne (Indiana), which involve the manufacturing of driving licences.

With the acquisition, Veridos aims to further accelerate its growth in the US, one of the world’s largest markets for identity solutions. Currently operating in two US states, the company is now expanding its activities to a total of six. Veridos’ core activities will continue to focus on the manufacturing of driving licences. However, the company also aims to engage in the production of additional sovereign documents in the future.