Eight Advisory advised IN Groupe on the acquisition of Gleitsmann Security Inks GmbH

Eight Advisory advised IN Groupe on the acquisition of Gleitsmann Security Inks GmbH

Eight Advisory supports IN Groupe in the acquisition of Gleitsmann Security Inks GmbH.

IN Groupe has acquired Gleitsmann Security Inks from its current shareholder, hubergroup. With the acquisition of Gleitsmann Security Inks, IN Groupe further expands its “Secure Components” business unit for identity and banknote security. The complementary nature of the two companies will strengthen IN Group’s product portfolio to meet increasing security requirements worldwide.


IN Groupe (formerly known as Imprimerie Nationale) is a French-headquartered global specialist in identity and secured digital services, addressing more than 130 countries in the world. In addition to its solutions dedicated to legal and professional identity security, IN Groupe develops and sales leading-edge security components for identities, and banknotes through its dedicated brands Surys (optical components) and SPS (electronic components).


Gleitsmann Security Inks is a leading global manufacturer of high security printing inks and associated auxiliaries. With its worldwide operations based in Berlin, Germany, and a history of 175 years it is a trusted partner of many state print works and commercial security printing companies throughout the world.


Hubergroup is an international printing inks and chemicals specialist based in Germany with a 255-year history. Within its two divisions, the company develops innovative, sustainable products and services to enable its customers first-class results.

We are pleased to have been able to support IN Groupe in this strategic acquisition,” said Marc Niclas.



Eight Advisory’s involvement in this transaction:


  • Financial Due Diligence: Marc Niclas, Daniel Martin Vicario and Yannic Schott
  • Tax Due Diligence: Matthias Hogh, Ralph Hack




Transaction Services

Eight Advisory Munich





Eight Advisory Frankfurt

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