March 5, 2026

Giesecke+Devrient acquires XTec marking strategic expansion in the U.S. public sector identity and security market

MUNICH and MIAMI, March 03, 2026 (Globe Newswire) – SecurityTech company Giesecke+Devrient (G+D) has taken a decisive step in its international growth strategy with the acquisition of XTec Incorporated, a U.S.-based leader in secure authentication solutions. The transaction closed on February 27, marking a strategic expansion into a core growth market for digital identity and public-sector security.

XTec, headquartered in Miami, Fla., is a recognized provider of federal-grade identity, authentication, validation, authorization, and access management solutions for government and highly-regulated environments. Certified for systems handling highly sensitive U.S. government data, XTec maintains long-standing relationships across federal agencies and regulated commercial enterprises. The company’s portfolio includes the only Identity and Credential Management ecosystem authorized at the FedRAMP High Impact level, as well as cryptographic tokens and smart access systems.

CFO and FLG Partner William Atkins assisted.

Read the complete press release.