Sdu Identification International growth acceleration


Sdu-I designs, produces and personalizes identification documents, including electronic and biometric passports, ID cards and driving licenses, as well as local delivery systems. Sdu-I is known worldwide as a high-tech supplier and supplies its secure products and services to several European countries.

International expansion

International expansion

50% EBITDA growth

50% EBITDA growth

Technology leader through continuous innovation

Technology leader through continuous innovation


  • 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 Sdu

Investment date

2007 - 2013

Deal type

Management Buy Out / Carve-out




€ 93 million