HID Global announced the acquisition of Placard, a leading manufacturer of secure cards in Australasia to enhance its presence in the region.
Placard is a market leader in government, financial, transportation, retail, and enterprise sectors across the Pacific market. Placard produces cards, including driver’s licenses, health insurance cards and a variety of government IDs.
The company specializes in bank cards, retail loyalty cards, monetary gift cards, cards for public transportation and other cards used for enterprise applications.
Stefan Widing, president and CEO of HID Global, said: “Adding Placard to the HID portfolio would expand our value-add services and enhance our capabilities for trusted identities.”
Placard’s secure manufacturing and bureau facilities are accredited to the highest level by Visa, MasterCard, China Union Pay and American Express.
Placard will become a part of HID’s Identification Technologies business area led by Marc Bielmann, vice president and managing director. Chris Nunis is the CEO of Placard.