CPI Card Group, a portfolio company of Tricor Pacific Capital, has acquired certain assets of ID Data Cards, Ltd., the company announced Tuesday. Terms of the deal, which closed in May, were not released. ID Data is a provider of financial payment cards and EMV chip cards to the Western European market and operates a VISA and MasterCard accredited facility in the United Kingdom.
CPI Card Group, a global leader in financial and commercial card production and related services for over 30 years, today announced the acquisition of the operating assets of ID Data Cards, Ltd. This transaction will allow CPI to strengthen its secure card production, personalization and fulfillment capabilities worldwide and offer its financial card and prepaid card customers a unique global solution. ID Data Cards Ltd, formerly a subsidiary of the TALL Group of Companies in the UK, is a leading provider of secure financial cards and commercial cards and produces more than 1.5 million items each week for the financial, retail, leisure and government sectors. ID Data has secure card manufacturing and personalization accreditation from VISA and MasterCard.
Demand for prepaid, EMV, contact and contactless payment cards in the financial market has increased significantly over the past several years. With the addition of ID Data, CPI is ideally positioned to benefit from all the growing opportunities in the UK and Europe for prepaid, banking and other smartcard based applications.
“Through this acquisition, CPI will combine its expertise with that of ID Data’s to offer increased card production and services capabilities and deeper global solutions for our customers as well as the customers of ID Data,” said Steve Montross, President and CEO of CPI. “We are also excited to now have secure card and personalization capabilities to address the needs of the participants in the UK and European financial markets and to support our global customers whose activities extend to these markets.”
ID Data and CPI’s UK business provide very complementary card solutions for their respective customers. CPI is the European leader in closed loop prepaid cards, having shipped more than 100 million gift cards in 2011. ID Data manufactured 42 million secure cards and commercial cards in 2011 for organizations in the banking, retail, leisure and government sectors. The combined businesses will have manufacturing capacity of over 450 million cards per year and have a major presence in the prepaid, banking, retail and government markets.
“CPI provides a solid strategic foundation to further grow the business,” said Martin Ruda, group managing director, The TALL Group of Companies. “Given that CPI Card Group has been around for 30 years in this business, they can bring significant experience to the table in terms of service, solutions and knowledge for ID Data clients.”
“We are delighted to have achieved a sale of the assets of ID Data to CPI,” said David Green, Associate Director, RSM Tenon. “The transaction is the culmination of weeks of hard work by CPI, the TALL Group of Companies, RSM Tenon and their advisers and provides a welcome opportunity for growth and investment in the business.”
About CPI Card Group
CPI, a global leader in financial, commercial and identification card production and related services for over 30 years, offers a single source for cards and other form factors, from financial and gift to EMV chip and mobile, and personalization and fulfillment services. CPI offers the largest secure and commercial production network in North America and is the leading commercial provider in the UK. CPI’s secure facilities are certified by Visa, MasterCard, AMEX, Discover and JCB. CPI’s production sites include: Denver, Colorado; Fort Wayne, Indiana; Las Vegas, Nevada; Minneapolis, Minnesota; Colchester, England; Liverpool, England; and Toronto, Canada. CPIs’ plants in Colorado, Nevada, Indiana, Canada and Liverpool are ISO 9001 certified. For more information, visit www.cpicardgroup.com
About ID Data Cards
ID Data is a leading provider of secure card and commercial card solutions producing more than 1.5 million items each week for the banking, retail, leisure and government sectors. From the company’s EMV-accredited facility in Petersfield, Hampshire, United Kingdom, which is certified by Visa and MasterCard. ID Data handles every aspect of the production and fulfillment process from design, manufacturing, personalization and mailing for all payment, loyalty and gift card requirements. This includes end-to-end solutions for a wide range of recognized brands including Tesco Clubcard, Ladbrokes, Travelodge, Radisson Hotels, Atos and LA Fitness. ID Data Cards was a member of The TALL Group of Companies, a UK leader in the provision of secure paper, electronic payment and card solutions. The TALL Group holds a unique position as a trusted partner of the UK’s major banks, retailers and print management companies.
About RSM Tenon
RSM Tenon is this year’s National Firm of the Year awarded by the British Accountancy Awards, and is regarded as one of the most progressive and entrepreneurial professional services firms in the UK today.
Through a comprehensive suite of accounting and consultancy services, we offer intelligent solutions to a national client base that ranges from individuals and entrepreneurially-led owner managed businesses, to large corporations and public sector organisations.
With leadership in the provision of business advisory, risk management, tax, recovery and financial management services, we are the UK’s 7th largest accounting firm with a fee income of over £245m, employing over 3,000 people with offices in all major commercial centres across the UK. We help entrepreneurs create, protect and enhance personal wealth. We give board and senior executives the assurance they need to manage their organisation effectively and the proactive support they demand to help them stay ahead of the competition.
The Recovery service line of RSM Tenon is the leading trustee in personal bankruptcy and the second largest corporate appointment taker in the UK. Specialising in turnaround, recovery, restructuring and insolvency in both the corporate and personal sectors, the Recovery service line of RSM Tenon is led by 45 directors and supported by over 400 staff operating from a network of over 30 offices across the UK.
RSM Tenon Group PLC is an independent member of the RSM International network, the 6th largest network of independent accounting and consulting firms worldwide each of which practices in its own right. RSM International is represented by more than 32,500 people working in over 700 offices across more than 80 countries worldwide.