International expansion
50% EBITDA growth
Technology leader through continuous innovation
Strategy
- Management buy-out in partnership with a high calibre and ambitious management team
- Leading market position in a rapidly growing market driven by increasing need for personal identification and security
- Acceleration of international expansion - tenders won in Ireland, Slovakia, Norway, Finland and Albania
- Investments in technology, i.e. biometric features in passports and identity cards
- Transition of a former state company by investing in people, increasing the commercial drive and implementing efficiency enhancements
- Sold to Sagem Securité, part of the Safran group, a global player in identification and security solutions
"During the investment period AAC has supported our international expansion. We now deliver technologically high-quality passports and identity cards in six European countries and are now also active outside Europe. The global market for our products is consolidating quickly and we are well positioned to play an important role in this trend."
Anko Blokzijl, CEO SduInvestment date
2007 - 2013
Deal type
Management Buy Out / Carve-out
Theme
Buy-and-build
Sales
€ 93 million
Employees
300
