“This strategic move aims at combining the long regional customer relationships of trust built by Carvajal with Morpho’s expertise in international smart card and high security technology. Our mission is to serve the needs of this fast-growing market as it moves toward secure chip cards and to offer local products and services tailored to customer needs,” said Philippe d’Andrea, Executive Vice President Morpho, e-Documents Division. “This transaction is part of the transformation process currently underway at Carvajal Group, which is geared toward sharpening our business focus. In doing so, we have pinpointed seven industry sectors: Education, Packaging, Work and Home spaces, Information, BPO, and Communication Solutions,” said Ricardo Obregon, CEO of Carvajal Group. He also pointed out that this agreement falls within the strategic planning guidelines already laid down. He noted: “We believe that thanks to this move, the card business will continue to develop and efficiently support the regional market with the expertise brought by Morpho particularly in the context of bank cards EMV migration.” www.morpho.com www.carvajal.com