This alliance is an exciting step in strengthening Gemplus‘ leading position in the ID and Security market with major e-passport references including Denmark, Sweden, Norway and Singapore. It will broaden the scope for future organic and non-organic growth of the company and provide new technology while opening up new markets and regions for both Gemplus and Setec. „“There are strong, clear links between the two companies, and only few overlaps, which will make it easy to leverage each others‘ strengths““, comments Jacques Seneca, Executive Vice President, Identity and Security business unit, Gemplus and Chairman of Setec, „“Our customers and our employees are enthusiastic about the acquisition as they can see for themselves the complementarities in Telecom, Financial Services and, of course, in Identity & Security, for each region““. remi.calvet@gemplus.com www.gemplus.com