Source: Sagem Défense Securité
The acquisition of the Paderborn-based smart card expert ORGA Kartensysteme by France's Sagem Défense Securité, a subsidiary of the SAFRAN Group, is complete, following approval of the deal by all necessary antitrust authorities.
As a result, the global smart card market is seeing the emergence of a new major player with a new name – Sagem Orga.
"This alliance is an exciting step in strengthening the leading position of Sagem Défense Sécurité in the security market", said Jean-Paul Jainsky, Executive VP and Director of the company's Security Division. "Moreover, Sagem Orga will leverage Safran's technological expertise to deliver cutting-edge technology solutions to customers in all sectors. The new unit will consolidate its leadership in the telecommunications, healthcare, banking and identification markets."
The company will be led by Patrick Samier, Executive Vice President Strategy and Industry at Sagem Défense Sécurité, and Philippe D´Andréa, who will run operations.
Samier emphasized, "By joining forces, Sagem and ORGA have given birth to a major player – Sagem Orga. The strong support of our shareholder and the outstanding skills and dedication to customers of all our employees worldwide will be the key drivers of our future growth."
Samier described today as a "milestone for the entire industry" and view the combination of the two companies as an "ideal strategic orientation for the future."