De La Rue is to sell its passport division after losing key contract, putting 200 jobs at risk 


De La Rue is to sell its passport division for £42m after losing key Government contract, putting 200 jobs at risk

  • The 198-year-old company is selling its International Identity Solutions arm 
  • It is being purchased for £42 million by Swedish rival HID Global
  • De La Rue will focus on making security features for travel documents 

High-tech printing firm De La Rue will no longer make passports after losing its key contract with the British Government

High-tech printing firm De La Rue will no longer make passports after losing its key contract with the British Government

High-tech printing firm De La Rue will no longer make passports after losing its key contract with the British Government, putting 200 jobs at risk.

The 198-year-old company, which also prints banknotes, is selling its International Identity Solutions arm for £42 million to Swedish rival HID Global, sparking fears for its Gateshead facility.

The deal comes after De La Rue failed to win a contract to produce British passports beyond 2020, losing out to Franco-Dutch firm Gemalto.

It will instead focus on making the security features that go into the travel documents – a line of work it says is more profitable.

HID will take on most of the division’s contracts, its software and a passport factory in Malta. De La Rue said it would provide printing services to HID Global until March 2022.

Chief executive Martin Sutherland, 50, said in a statement: ‘We believe exiting the end-to-end identity solutions market is the right one for the group and will deliver the most value to shareholders.’

Sutherland’s departure was announced last month after De La Rue revealed a 77 per cent fall in annual profits to £25.5 million.



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