G&D acquires Smarttrust
SmartTrust has 178 employees around the world and generated EUR 31.3 million in revenues last year. The company is profitable, with a solid financial structure. SmartTrust is headquartered in Stockholm and maintains eight branch offices around the world. Over 200 cellular network operators worldwide trust SmartTrust technology. Giesecke & Devrient will acquire all the ownership shares of SmartTrust from its present owners including the Carlyle Group, Eqvitec Technology Fund, TeliaSonera and GE.