Security printing group Cartor Security Printers has been acquired by Spectra Systems, enhancing the acquirer’s presence in the polymer substrate market and enabling the integration of advanced security technologies into the acquiree’s product portfolio.
Spectra Systems specialises in machine-readable high-speed banknote authentication, brand protection technologies and gaming security software. Cartor operates through three wholly-owned subsidiary companies and maintains manufacturing facilities in both the UK and France. It supplies postage stamps to more than 180 administrations worldwide, offering a wide range of products, including conventional and hybrid postage stamps, tax stamps, vouchers, coupons, certificates and security documents. Additionally, Cartor provides a secure environment for manual assembly and fulfilment. In collaboration with Spectra Systems over the past two years, Cartor has developed the expertise required to produce Fusion substrates, which are undergoing qualification by central banks and polymer banknote printers.
For Spectra Systems, the acquisition is set to bolster its presence in the polymer banknote substrate market and introduce fresh avenues for selling its security products. It also enables the integration of advanced security technologies into Cartor’s product portfolio. As a well-established global player in these sectors, Cartor is well-positioned to incorporate Spectra System’ technologies, develop necessary processes and introduce products to its existing customer base.
Spectra Systems CEO Dr Nabil Lawandy said, ‘[Cartor] solidifies our position in the polymer substrate market and broadens our business reach through new sales channels. Our two-year collaboration with the Cartor team has been exceptional and I have great confidence in the group’s leadership.’
Cartor’s existing management structure – comprising Andrew Brigham as managing director, Ian Brigham as chairman and Martin French as finance director, will maintain their respective roles – emphasising the integration of the team as a unified group.
Mr Brigham commented, ‘The acquisition comes at a pivotal moment for Cartor’s growth and, under Nabil’s leadership, we aim to expedite this growth and unlock new opportunities. The Cartor group intends to harness Spectra’s extensive technical expertise and Cartor’s operational prowess to deliver ground-breaking solutions to both current and future customers.’
