Gemalto is acquiring a controlling interest in Plastkart, a Turkish smart card producer and provider of personalisation services (view press release). To do this, it will apply to the Turkish Capital Market Board (CMB) to make a public offer for the remainder of shares it does not already own. Gemalto and Plastkart have been partnered since 2003, and the companies will continue to operate as before with Plastkart focusing on the Turkish market of 75 million inhabitants, where banks are now deploying dual interface contactless cards in large volumes.
“The Turkish digital security market is highly innovative,” said Gemalto CEO, Oliver Piou. “It was an early adopter of contactless payment, NFC and mobile digital identity for example. Plastkart has built a reputation for quality and service in the Turkish market, and we look forward to continuing to work with the Plastkart team in the future.”
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