Altech to sell NamITech South Africa to Gemalto

Gemalto, a supplier in digital security, and Allied Technologies Limited announced that they have entered into an agreement whereby Altech will sell its NamITech South Africa business to Gemalto. NamITech, with revenues of approximately ZAR 200Million (~€15Million), is a provider of secure cards and services in the Southern African area. Its Linbro facility provides secure banking personalization services to major banks in South Africa, employing approximately 350 people. Altech Card Solutions, Altech ISIS and Namitech West Africa (Nigeria) are not included in the transaction and remain part of Altech Group.
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