CARTOR - First class sale of security printer to Spectra Systems
CARTOR
First class sale of Cartor Security Printers
to Spectra Systems
First class sale of Cartor Security Printers to AIM listed Spectra Systems
Alinea, alongside Netherlands based Stepstone have advised the shareholders of Cartor Security Printers on their sale to AIM listed Spectra Systems Corporation.
Working with Alinea was a great experience from start to finish. They continuously went above and beyond what was expected. Aside from their diligence and attention to detail when working through the day-to-day activities, we appreciated the fact that they would touch base with us after every important meeting or phone call whether it was deal or business related, and they really felt like part of our team. Andrew Brigham, Managing Director
Cartor, through its three wholly-owned subsidiary companies, operates from two manufacturing sites in the UK and France, supplying postage stamps to over 180 administrations globally. In addition to conventional and hybrid postage stamps, it prints and produces tax stamps, vouchers, coupons, certificates, and security documents, and provides a safe and secure environment for hand assembly and fulfilment. Cartor differentiates itself from its competitors by using state-of-the-art technology to make it difficult for counterfeiters to operate in industries with high monetary or intellectual value products and services.
Spectra Systems, headquartered in the US, and listed on AIM, is a world leader in providing security technology that includes machine-readable high-speed banknote authentication, brand protection, and gaming security software.
The two companies have been working together for two years to achieve high-quality conventional and machine-readable, ready-for-printing polymer banknote sheets including conductive layers, opacity layers, and bespoke window designs as required by central banks.
Through this acquisition, Spectra and Cartor will enhance their competitive position in the polymer substrate market by further integrating the production supply chain of Fusion.
Andrew Brigham, Managing Director of Cartor, commented: "The acquisition comes at a time when Cartor is poised for growth and under Nabil's leadership we hope to accelerate this and unlock new opportunities. The Cartor group expects to leverage Spectra's deep technical expertise and Cartor's operational 'know-how' to deliver game changing solutions to its current and future customers."
Ian Brigham, Chairman of the Board of Cartor, commented: "I have spent most of my career in the security printing industry and I am very much looking forward to this next chapter working with Nabil and the high performing Spectra team to grow revenues and earnings through new opportunities."
Alongside Alinea, Ruud Van Hoek and Laurent Calkoen from Stepstone Corporate Finance provided corporate finance advice, Gary Davie, Virun Kumar and wider team from Legal Clarity provided legal advice, Rob Gunn and Dave Darlaston from Crowe provided taxation and accountancy advice.