|By Business Wire||
|September 6, 2012 06:00 AM EDT|
Giesecke & Devrient (G&D), a global leader in mobile security solutions, is expanding their production plant in Twinsburg, Ohio and plans to add over one hundred jobs in the next few years. This expansion is the second in three years and will allow the production facility to support the growing needs of the payment, transit and identification markets, which G&D serves in the U.S.
G&D has always been an innovative leader in the payment market, both globally and in the U.S. Through technology innovations, like contactless and EMV, and complex card body features, like foil, colored core and layered construction, G&D is able to help banks differentiate their brands to become top of wallet. The facility expansion furthers G&D’s innovation strategy, providing the added capability to manufacture and personalize microprocessor smart cards to support the migration to EMV technology from traditional magnetic stripe cards. The new capabilities allow G&D to also offer the full service portfolio of personalization, including EMV data generation, PIN printing, inline carrier printing and fulfillment, and Online Services.
G&D has been printing and manufacturing plastic cards from this facility since 1987, following their acquisition of Cardtech, Inc. in the mid-nineties. G&D first expanded the facility in 2009, adding the adjacent building and increasing card production capacity. The new expansion adds an additional 28,000 square feet of high security production space. With the increased capabilities, G&D will add more team members and could double the amount of staff in the next couple of years, as the markets evolve through technology innovation.
G&D is focused on securing credentials, whether physical or virtual, and supports all form factors from magnetic stripe cards to dual interface EMV cards to Trusted Service Management (TSM) of a virtual wallet for NFC. These payment methods form a cornerstone of G&D’s North American payment strategy.
About Giesecke & Devrient
Giesecke & Devrient (G&D) is a leading international technology provider headquartered in Munich, Germany. Founded in 1852, the Group has a workforce of around 10,500 employees and generated sales exceeding EUR 1.64 billion in fiscal 2011. 58 subsidiaries and joint ventures in 32 countries ensure customer proximity worldwide.
Over 150 countries place their trust in G&D solutions when producing and processing their banknotes. The company primarily supplies central and commercial banks, cash-in-transit companies, and security printers with innovative technologies that render the cash cycle efficient and secure. G&D bank and SIM cards are used all over the world to make payments and telephone calls. As an end-to-end provider of smartcard and mobile security solutions, the Group develops and distributes hardware, software, and services to a client base that includes banks, mobile network operators, transportation companies, business enterprises, and original equipment manufacturers (OEMs). Governments and public authorities turn to G&D for passport, ID card, and border control systems, ensuring reliable identity verification right around the globe. For more information, please visit: www.gi-de.com.