Talaris, the former De La Rue Cash Systems Division, today announces its launch and new identity, following the completion of its acquisition by The Carlyle Group, the global private equity firm.
Talaris cash handling solutions enable 500 million banknotes to be processed globally every day. The world's leading banks, financial institutions and retailers, in over 60 countries, rely on Talaris products. Headquartered in Basingstoke, U.K., with 30 offices in 14 countries, Talaris holds market-leading positions in North America, Spain, Germany, France and the UK.
Tracey Graham, Talaris CEO, commented, "We are delighted to announce the completion of the acquisition by The Carlyle Group and our new identity, Talaris. Talaris is the name given to the winged sandals of the ancient Greek God of Commerce, Hermes. Talaris will emulate his speed, efficiency and agility in delivering the world's most comprehensive portfolio of cash handling solutions, technology and services to our valued customers.
"The Carlyle Group's sector expertise, global support and financial acumen will prove invaluable to Talaris as we develop our operations as a standalone business, while maintaining a strong relationship with our former parent, the commercial security printer, De La Rue."
Andrew Burgess, Managing Director, The Carlyle Group, said: "As the demand for cash as a payment method continues to grow globally, so does the demand for products which can support greater quality and efficiency in customer service and security, and help clients respond to regulation. Unique technology, inherent expertise across some 2,300 professionals and a successful management team is the powerful combination that will ensure this is the first phase in the delivery of a dynamic new business."
Talaris has been acquired by Carlyle Europe Partners III, The Carlyle Group's third European buyout fund, which closed in 2007 with €5.35 billion in commitments.