Dealmaking accelerated during 2024 and 2025, with events in 2026 confirming that consolidation remains a defining industry trend. From manufacturing and product authentication to digital identity and banknote printing, companies are reshaping their portfolios through strategic acquisitions.

Dai Nippon Printing (DNP), a leading Japanese technology and printing company, has announced a public takeover offer for AUSTRIACARD HOLDINGS AG, in a move set to significantly expand its global information security and identity solutions business.

Banknote security specialist Hueck Folien has acquired California-based WaveFront Technology LLC, transforming the Austrian firm into a ‘full-liner’ with end-to-end control over the security feature lifecycle. By integrating WaveFront’s 30-year expertise in micro and nanostructures, Hueck Folien secures strategic independence and the ability to originate custom optical designs in-house. The value of the transaction was not disclosed.

Canpac Trends, one of India’s leading packaging solution providers, has announced the successful acquisition of Shriram Veritech Solutions, a company specialising in holographic security labels and anticounterfeiting solutions. The deal value was not disclosed.

The French state-owned security solutions group IN Groupe has successfully completed the acquisition of IDEMIA Smart Identity, positioning itself as the global leader in end-to-end, advanced physical and digital identity solutions and trust services.

Crane NXT recently announced the launch of a new brand identity: Crane Authentication. This unified brand consolidates the strengths of De La Rue Authentication (the recently finalised acquisition made in May 2025), the Smart Packaging assets of TruTag Technologies, and OpSec Security (purchased last year).

De La Rue, the 211-year-old British icon known for printing some of the world’s most secure banknotes, is turning the page. In a move that marks the end of its public market journey, US-based Atlas Holdings (through its vehicle ACR Bidco Limited) will acquire the company for £263 million in an all-cash deal.

Radiant Opto-Electronics (ROE) Corporation, based in Taiwan and a leader in backlight module technologies, has completed the acquisition of Denmark-based NIL Technology (NILT), recognised for its innovative meta-optics and nanostructured flat optics solutions.