Kudelski sells its nagraID subsidiary to a group of investors

Swiss computer security company Kukelski has started the sale of its subsidiary NagraID, specialized in integrated cards, to a group of investors, which also includes the company's own management team.

NagraID, integrated card-based product manufacturer based in La-Chaux-de-Fonds (Switzerland), will become part of a group of investors, including its management team, following the group sale agreement Kudelski, specialized in computer security, mainly in MPEG signal encryption and decryption that uses an important part of pay-per-view digital television platforms.

Mauro Saladini, CFO by Kudelski Group, recognized that "with this operation, Kudelski reaches a new milestone in the process of streamlining its supply chain. Among a number of potential buyers, we have selected the option to provide the best overall balance for all stakeholders involved. The group will actively support NagraID with the aim of ensuring a smooth transition".

For its part, Frédéric Clauss, CEO of NagraID, argues that the company "will evolve to ensure its long-term development as an independent entity. We intend to leverage the track record set out in the financial sector and integrated card segments to further strengthen our position as the leading innovation-based smart card provider in the Swiss market".

Kudelski will continue to maintain its current participation in the 50% at NagraID Security, an independent NagraID company.

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