Giesecke+Devrient (G+D) Company Profile

Background

Giesecke+Devrient (G+D) is a global security technology company headquartered in Munich, Germany. Established in 1852 by Hermann Giesecke and Alphonse Devrient, the company has evolved from a banknote printer to a leading provider of digital security solutions. G+D specializes in three primary segments: Digital Security, Financial Platforms, and Currency Technology, offering integrated security technologies that bridge digital and physical solutions. With a workforce exceeding 14,000 employees, G+D operates in 40 countries and serves over 145 central banks worldwide.

Key Strategic Focus

G+D's strategic focus encompasses:

Digital Security: Securing mobile connections, legal identities, and digital infrastructures.

Financial Platforms: Providing integrated applications for payments and banking.

Currency Technology: Offering solutions for both physical and digital currency ecosystems.

The company emphasizes innovation, sustainability, and digital transformation to enhance trust in the digital age.

Financials and Funding

In the fiscal year 2024, G+D reported revenues of €3.132 billion, marking a 5.3% increase from the previous year. Adjusted earnings before interest and taxes (EBIT) rose by 6% to €187 million. The company's order intake reached a record €3.3 billion, indicating strong growth prospects.

Pipeline Development

G+D is actively developing solutions in the following areas:

Central Bank Digital Currencies (CBDCs): Collaborations with central banks, including the Bank of Ghana and the Bank of Thailand, to pilot CBDC projects.

Internet of Things (IoT): Acquisition of Mecomo AG to expand IoT applications.

Sustainable Products: Initiatives like the Green Banknote Initiative to reduce the environmental impact of banknote production.

Technological Platform and Innovation

G+D's technological innovations include:

eSIM Technology: Leading provider of embedded SIM solutions for secure connectivity.

Digital Identity Solutions: Through Veridos, offering secure identity management systems.

Cybersecurity: Advanced cybersecurity offerings to empower digital sovereignty.

Leadership Team

Dr. Ralf Wintergerst: Chairman of the Management Board and Group CEO since 2016. Oversees corporate strategy, M&A, communications, compliance, and HR.

Jan Thyen: Group CFO since 2024.

Gabrielle Bugat: Group COO.

Axel Deininger: Group CTO.

Dr. Philipp Schulte: Group CHRO.

Dr. Wolfram Seidemann: Group CISO.

Marc-Julian Siewert: Group CCO.

Competitor Profile

Market Insights and Dynamics

The security technology industry is experiencing rapid growth, driven by increasing digitalization and the need for secure payment and identity solutions. G+D's comprehensive portfolio positions it well to capitalize on these trends.

Competitor Analysis

Key competitors include:

De La Rue: Specializes in currency printing and security features.

Gemalto (now part of Thales Group): Focuses on digital security and identity solutions.

Morpho Detection: Provides security screening and detection solutions.

G+D maintains a strong market position, ranking second in customer satisfaction and product quality among these competitors.

Strategic Collaborations and Partnerships

G+D has formed strategic partnerships to enhance its offerings:

Pod Group: Acquired in 2021 to strengthen IoT connectivity solutions.

Mecomo AG: Acquired in 2023 to expand IoT applications.

AWS: Collaborated for developing advanced eSIM technology in the cloud.

Operational Insights

G+D's global presence and diversified portfolio provide a competitive edge in the security technology sector. The company's focus on innovation and sustainability aligns with market demands for secure and eco-friendly solutions.