Anti-counterfeit specialist to acquire US hologram firm
OpSec Security Group plc are set to buy a New Jersey-based holographic security business, for $11.5m.
The firm, with sites in Wearside, Surrey and Leicestershire, have now entered into an agreement to buy the Holographic Security Business.
A further consideration of up to $4m could become payable, depending on whether certain performance conditions are met in the 12 months after the acquisition.
OpSec specialise in anti-counterfeiting solutions, and the Holographic Security Business supply holograms for clients such as MasterCard, VISA and American Express.
Mark Turnage, Chief Executive of OpSec, commented: “The acquisition of JDSU’s Holographic Security Business demonstrates our commitment to providing the best brand protection solutions across an array of industries on a global scale.
“This addition complements OpSec’s existing brand protection initiatives, broadens our vertical coverage and expands our customer base in key areas. The acquisition benefits all customers as we leverage our global footprint to deliver solutions that protect and enhance brand value in more markets across the world.”