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Network International, Oberthur sign JV deal
DUBAI - Network International and Oberthur Technologies, one of the leading suppliers of card-based solutions, have signed a joint venture agreement to create a state-of-the-art cards security and personalisation bureau in the UAE. This will bring advanced card security and personalisation technology to the Middle East and North Africa region.
The bureau is to be ready for operations in August 2008. With a 10 million card capacity in the first year, the scalable site should capture between 30-50 per cent of market share by year five. Current estimates place the MENA card personalisation market at approximately 40-50 million cards.
Network's current personalisation bureau will be used as a base for the joint venture, upgraded with Oberthur's leading-edge technology software and personalisation infrastructure.
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