Oberthur Technologies or OT, a provider of digital security solutions for the mobility space, Tuesday said it has signed an agreement to acquire NagraID Security SA.
The transaction is expected to close in the coming weeks. Financial terms of the deal were not disclosed.
OT will acquire a 100 percent equity stake of NagraID Security SA from the Kudelski Group (KDCXF.PK) and the company's management.
NagraID Security SA develops and markets powered display cards to secure access to the cloud, primarily for companies operating in the field of financial payments, authentication and identification solutions, using one-time password or dynamic card verification value technologies.
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