Oberthur Technologies (OT), a provider of embedded security software solutions, has acquired South Africa-based Xantium Integrated Solutions (Xantium).
Xantium provides a range of cards and personalization services to a range of market segments including banks, retailers and third party payment processors in South Africa and many African countries.
OT believes that the acquisition will help the company to expand its presence in the Southern African market and strengthen its position in Johannesburg to deal with customers across the African continent.
OT regional president for Russia, Middle-East and Africa Muzaffar Khokhar said: "OT’s ambition is to strengthen our leading position in Africa by addressing the growing demand for payment, authentication and related services through providing best in-class expertise and state-of-the-art products that meet our clients’ demands.
"Xantium has built up an impressive customer base across the continent and through this acquisition, OT pursues its strategy of acquiring, targeted companies which enhance our global footprint through a strong local presence."