Giesecke + Devrient

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Giesecke + Devrient limited liability company

logo
legal form GmbH
founding June 1, 1852 in Leipzig
Seat Munich , Germany
management
Number of employees 11,510
sales 2.45 billion euros
Branch Security technology
Website www.gi-de.com
As of December 31, 2019

Giesecke + Devrient ( G + D ) is an international group with headquarters in Prinzregentenstrasse in Munich , which has developed from a manufacturer of banknotes , substrates , banknote processing machines, securities , ID cards ( ID cards and passports ) and payment cards to a provider of solutions for securing payment transactions , Identities , connectivity and data . In April 2018, the company name changed from Giesecke & Devrient (G&D) to Giesecke + Devrient (G + D) with a split into the business areas G + D Currency Technology and G + D Mobile Security .

development

The company was founded on June 1, 1852 by Hermann Giesecke (1831–1900) and Alphonse Devrient (1821–1878) in Leipzig as the typographic art institute “Giesecke & Devrient” (G&D). After the Second World War, the company was rebuilt in Munich, the main plant as a state-owned enterprise German Securities Printing continued; after reunification, this was again incorporated into G&D. Today the company has more than 70 subsidiaries and joint ventures in 32 countries worldwide. G + D employed 11,389 people in the 2018 financial year. In the same year, the company generated total sales of 2.25 billion euros. With its products, the company is one of the global market and technology leaders.

G&D initially specialized in banknote and security printing. From the 1960s the company also manufactured security papers , from the 1970s machines for banknote processing and chip cards for banking applications. In addition, G&D played a key role in the development of the SIM card , to which the expansion of the ID card area was subsequently added.

The company's archives are located in the Saxon State Archives, Leipzig State Archives , where they make up inventory 21061.

Giesecke + Devrient is the main shareholder of secunet Security Networks Aktiengesellschaft with headquarters in Essen . As of 2018, 79.43% of the shares are held. The subsidiary offers its customers high-quality solutions (products and services) for everything to do with IT security . The main customers include the Federal Armed Forces, the German Foreign Office, the Austrian Foreign Ministry, various national and international security authorities as well as large civil corporations such as Lufthansa, Novartis, Bechtle and Beiersdorf. In 2018, Secunet achieved sales of EUR 163 million.

owner

Giesecke + Devrient is family owned. When Siegfried Otto died on August 17, 1997, his two daughters Verena von Mitschke-Collande and Claudia Miller inherited the company in equal parts. Claudia Miller, who had lived in the USA for a long time, sold her shares to her sister in 2006.

Verena von Mitschke-Collande (* 1949) has been active on the supervisory board and advisory board for many years. Her husband Hans-Christoph von Mitschke-Collande (* 1940) was the company's Labor Director until 2005. In 2012 it became known that their four children (Celia, Gabriel, Marian, Sylvius) had an equal share in the company. How high their proportions are overall was not mentioned.

history

Advertisement from around 1860
Headquarters in Leipzig
Headquarters in Leipzig
Giesecke & Devrient share, 1000 Reichsmarks, 1939
Louisenthal paper mill, Königstein plant

founding

On June 1, 1852, Hermann Giesecke and Alphonse Devrient founded the Giesecke and Devrient Typographic Art Institute in Leipzig . Banknote and security printing quickly developed into a successful business area and became decisive for the young company. As early as 1858, the printing company moved its own type foundry to newly built business premises at Nürnberger Straße 12 in Leipzig.

Just two years after the company was founded, G&D printed its first banknote: the 10 thaler note for the Weimar Bank. Further orders followed, and more than two thirds of the numerous private and state central banks in the German Reich were G&D customers. G&D has had business relationships with Swiss private banks since the mid-1860s. The first was the bank in Graubünden, for which G&D printed a 100-franc note in 1865. Another nine private banks followed, representing the expansion of business into other European countries. In 1873, the Leipzig printers turned their gaze beyond the borders of Europe for the first time. This year a print job was done for the Banco de Piura in Peru. The Leipzig company established itself in international banknote printing, followed by print jobs from Siam and the Ottoman Empire. In the midst of the inflation of 1922/1923, Giesecke & Devrient was among the private printing companies that produced company prints for the Reichsbank.

After the inflation, G&D played a key role in the pressure on the Rentenmark . The production facilities were badly damaged by an Allied bombing raid in 1943 and production was outsourced. The company was expropriated by the Soviet military administration in 1948 and subsequently converted into a state-owned company (VEB). After German reunification, G&D acquired the former parent company in Leipzig in 1991 and incorporated it into the Munich-based group as a location for printing securities and banknotes.

reconstruction

After the expropriation in Leipzig and the death of Ludwig Devrient senior. moved Siegfried Otto in 1948 the headquarters to Munich and built it again. G&D moved from its first Munich location in Riem to Steinhausen in the 1950s .

As early as 1958, Siegfried Otto oriented the company internationally by founding a subsidiary in Mexico. From 1958, G&D was commissioned to deliver half the annual amount of DM banknotes for the Deutsche Bundesbank . The other half was supplied by the state-owned Bundesdruckerei in West Berlin . A strategic decision was the acquisition of the Louisenthal paper mill in 1964 , which enabled G&D to manufacture its own banknote and security paper. This subsidiary is the leading manufacturer of banknote and security substrates as well as security foils with production facilities in Gmund am Tegernsee and in the Königstein district of Hütten in Saxon Switzerland . Siegfried Otto founded the Gesellschaft für Automation und Organization mbH (GAO) in 1970, in which G & D's research and development activities were bundled for over 30 years. The modernization and automation of banknote processing and payment transactions were the main research interests of GAO.

First chip card manufactured by Giesecke & Devrient, 1979

In 1968 G&D was involved in the development of the eurocheques and the eurocheque card , which made cashless payments possible in Europe. Under the GAO managing director Helmut Gröttrup , who was appointed in 1970 and who had already applied for a patent for the basic principles of the chip card in Germany in February 1967 , chip card technology was further developed in a pioneering way. In 1986 the first chip cards for use as telephone cards were produced on behalf of the Deutsche Bundespost . In 1989 the group brought the "SIM plug in" onto the market, which was to become the worldwide standard for SIM cards in the years that followed.

expansion

With the takeover in 1964 and the subsequent expansion of the Louisenthal paper factory , G&D became one of the leading manufacturers of banknote and security paper , with production facilities in Gmund am Tegernsee and, since 1991, in the former GDR plant in Königstein (Saxon Switzerland) .

In 1975, G&D delivered the first banknote capable of automation, the authenticity of which could be checked using machine-readable features . In the following years, the product range was expanded to include machines for sorting circulating banknotes according to authenticity and condition (fitness). As a result, G&D developed into the world market leader in equipping central banks as early as the 1980s . Since then, G&D has continued to expand its portfolio, so that today almost every process step, both in the cash center and in the cash cycle, is supported with systems and software from G + D. From banknote inspection systems in banknote printing to banknote processing systems in every performance class for value transport companies , central and commercial banks as well as casinos, to banknote destruction systems for central banks.

From 1990 the expertise in the field of chip cards was expanded. The result was the first statutory health insurance card (1993), the first multifunctional eurocheque card with the function of an electronic wallet in Austria (1995) and the world's first SIM-based mobile banking solution (1998). In the mid-1990s, G&D had established itself as the leading supplier of masks, cards and terminals for the GeldKarte introduced in Germany . Two years later, the new security systems business segment was founded, with a focus on information and network security .

G + D has been printing for the European Central Bank since 1999 (alongside the Bundesdruckerei and other security printers ) . The first series (ES1) euro banknotes printed by G + D have the printer identifier P in the plate code. Euro banknotes of the European series (ES2) with an X at the beginning of the serial number were printed by G + D in Munich until 2015, those with a W are printed by G + D in Leipzig.

In 2001 the subsidiary Giesecke & Devrient India Pvt. Ltd. founded in Mumbai . In 2004 the company's headquarters were relocated to Gurgaon near Delhi . In 2002 G&D was responsible for the development, design and printing of the new banknote series for Afghanistan . In the following years, the company mainly developed visa personalization systems, for example for Kazakhstan , Serbia and Italy . This was followed by the production of electronic health cards, for example for Taiwan . In 2003 a banknote printing plant was opened in Malaysia near Kuala Lumpur. In 2004 G&D was involved in the production of the new German ID documents for storing biometric data on a chip . The company is also involved in the electronic health card (eGK) project. In 2005 a development center in Pune was added in India and in 2012 a card personalization center in Chennai and another development site in Gurgaon, so the company employs over 800 people in India.

By July 2008, G&D supplied the paper for printing the Zimbabwean dollar banknotes . The delivery was eventually stopped due to increasing international public pressure and controversy over the legal and moral permission of the deliveries. While the USA had already imposed sanctions against Zimbabwe in 2001 , the European Union only had sanctions against individual representatives of Robert Mugabe's regime .

In 2013 a second printing line was opened in Malaysia, doubling the capacity of the banknote printing plant there. G&D produces banknotes there for domestic needs and the world market.

In January 2015, Veridos, a joint venture between G&D and Bundesdruckerei , started operations. Veridos, headquartered in Berlin, is responsible for international business in the field of secure identification products and solutions for governments, such as ID documents and passport and border control systems. G + D holds 60% of the shares in Veridos and is therefore the majority owner. Veridos achieved sales of 180 million euros in 2018.

In 2015, the banknote printing plant in Munich was closed with a simultaneous increase in capacity in Leipzig. In addition, the factory for chip card personalization was relocated near the city of Coburg.

In December 2017, G&D joined the Verimi identification platform , which, together with more than a dozen well-known German and foreign companies, offers a portal to protect digital identity and personal data. G + D has held a 10% stake in Verimi since January 2018. In the field of biometric identity protection, such as facial anonymization, G + D took a 4.85% stake in Berlin-based brighter AI Technologies GmbH in 2019 .

In April 2018, the company name changed from Giesecke & Devrient (G&D) to Giesecke + Devrient (G + D) with a split into the company parts G + D Currency Technology (with paper mill Louisenthal) and G + D Mobile Security .

Economic figures

The following key financial figures relate to the consolidated financial statements in accordance with IFRS or Section 317 of the German Commercial Code and were published in the company's annual reports.

year Sales
in million euros 		Gross profit
in million euros 		Net result
in million euros 		Employees
abroad 		Employee
Germany
1999 0902 325 040.0 1833 3310
2002 1088 358 023.5 2819 3606
2004 1157 359 038.4 3852 3485
2006 1297 388 081.1 4947 3348
2008 1689 528 111.0 6102 3747
2009 1684 503 104.5 6230 3892
2010 1688 564 080.5 6493 3920
2011 1635 521 052.4 6613 3941
2012 1789 530 039.0 7125 4088
2013 1754 505 002.6 7516 4144
2014 1833 461 073.3 7286 4167
2015 2011 538 054.5 7432 3947
2016 2089 589 052.5 7453 3847
2017 2136 619 067.0 7613 3987
2018 2246 613 050.2 7247 4142
2019 2447 653 080.4 7281 4229

literature

  • Klaus W. Bender : Money maker, the most secret trade in the world . Wiley-VCH Verlag, Weinheim 2008, ISBN 978-3-527-50383-4 (325 pages).
  • Jan Hendrik Prell, Horst Böttge: Giesecke & Devrient 1852–2002. Values ​​through the ages . Ed .: Giesecke & Devrient. Deutscher Sparkassen Verlag, Stuttgart 2002, ISBN 978-3-09-303892-1 (260 pages).
  • Hermann Giesecke, Alphonse Devrient: The Giesecke & Devrient establishment in Leipzig. StA-L (State Archives Leipzig) . No. 688 . Giesecke & Devrient AG, Leipzig 1862 (40 pages).
  • Franziska Jungmann-Stadler, Ludwig Devrient: Giesecke & Devrient. Banknote Printing 1854–1943 - Banknote Printing 1854–1943 . Ed .: Giesecke & Devrient. Battenberg Gietl Verlag, Munich 2009, ISBN 978-3-86646-527-5 (German, English, 266 pages).
  • Franziska Jungmann-Stadler, Ludwig Devrient: Giesecke & Devrient. Banknote Printing 1955-2002 - Banknote Printing 1955-2002 . Ed .: Giesecke & Devrient. Böhlau, Munich 2014, ISBN 978-3-412-22258-1 (German, English, 266 pages, appendix: VEB Wertpapierdruckerei der DDR (WPD) 1951–1990).
  • Horst Böttge, Tobias Mahl, Michael Kamp: From the ec card to Mobile Security 1968–2012 . From Eurocheque Card to Mobile Security 1968–2012. Ed .: Giesecke & Devrient. Battenberg Gietl Verlag, Munich 2013, ISBN 978-3-86646-549-7 (German, English, 248 pages).
  • Giesecke & Devrient (eds.): A decade of innovation. Giesecke & Devrient 2002–2011 . A decade of innovation. Battenberg Gietl Verlag, Munich 2012, ISBN 978-3-86646-549-7 (German, English, 120 pages).
  • Tobias Mahl, Astrid Wolff: Louisenthal 1964–2014 . Ed .: Louisenthal paper factory. Jan Thorbecke Verlag, Ostfildern 2014, ISBN 978-3-7995-0590-1 (German, English, 129 pages).

Web links

Commons : Giesecke + Devrient  - Collection of Images

Individual evidence

  1. ↑ a b Annual Report 2019 (PDF; 4.69 MB) In: Giesecke + Devrient. March 23, 2020, accessed June 16, 2020 .
  2. ↑ a b StA-L (State Archives Leipzig), 21061, Giesecke & Devrient AG, No. 688, Hermann Giesecke, Alphonse Devrient, Das Etablissement von Giesecke & Devrient in Leipzig, Leipzig 1862.
  3. ↑ Florian Langenscheidt , Bernd Venohr (Hrsg.): Lexicon of German world market leaders. The premier class of German companies in words and pictures. German Standards Editions, Cologne 2010, ISBN 978-3-86936-221-2 .
  4. ↑ Holdings 21061 Giesecke & Devrient AG, Druckerei, Leipzig in the Leipzig State Archives, accessed on November 2, 2017.
  5. ↑ a b c d Giesecke + Devrient. Annual report 2018 (PDF; 1.7 MB) Retrieved on August 15, 2019 .
  6. ↑ secunet Security Networks homepage , accessed on January 28, 2019.
  7. ↑ a b Franziska Jungmann-Stadler; Ludwig Devrient: Giesecke & Devrient. Banknote printing 1854–1943 . Ed .: Giesecke & Devrient. Battenberg Gietl Verlag, Munich 2009, ISBN 978-3-86646-527-5 .
  8. ↑ Giesecke & Devrient - A traditional company breaks its corset ( Memento from March 27, 2015 in the web archive archive.today ), IHK magazine 3/07.
  9. ^ Bernd Kastner: Mock battles. (PDF; 81 kB) In: Süddeutsche Zeitung . July 9, 2011, accessed June 26, 2019 .
  10. ↑ a b c d Jan Hendrik Prell; Horst Böttge: Giesecke & Devrient 1852–2002. Values ​​through the ages . Ed .: Giesecke & Devrient. Deutscher Sparkassen Verlag, Stuttgart 2002, ISBN 978-3-09-303892-1 .
  11. ↑ Giesecke & Devrient (ed.): A decade of innovation. Giesecke & Devrient 2002–2011 . Battenberg Gietl Verlag, Munich 2012, ISBN 978-3-86646-549-7 .
  12. ^ Franziska Jungmann-Stadler; Ludwig Devrient: Giesecke & Devrient. Banknote printing 1955-2002 . Ed .: Giesecke & Devrient. Böhlau, Munich 2014, ISBN 978-3-412-22258-1 .
  13. ↑ Tobias Mahl, Astrid Wolff: Louisenthal 1964–2014 . Ed .: Louisenthal paper factory. Jan Thorbecke, Ostfildern 2014, ISBN 978-3-7995-0590-1 .
  14. ↑ a b c d e f Horst Böttge, Tobias Mahl, Michael Kamp: From the ec card to Mobile Security 1968–2012 . Ed .: Giesecke & Devrient. Battenberg Gietl Verlag, Munich 2013, ISBN 978-3-86646-549-7 .
  15. ^ Company profile Louisenthal, Koenigstein plant in Saxony. In: louisenthal.com. Retrieved February 26, 2018 .
  16. ^ G & D in India: Subsidiary of Giesecke & Devrient GmbH. (No longer available online.) In: gi-de.com. Archived from the original on March 24, 2015 ; accessed on May 1, 2015 .
  17. ↑ Giesecke & Devrient - Group should not print for Mugabe. From: focus.de , June 27, 2008, accessed May 1, 2015 .
  18. ↑ Jan Puhl: Zimbabwe before the election: How Mugabe clings to power. March 28, 2008, accessed May 1, 2015 .
  19. ↑ Bartholomäus Grill: Zimbabwe - blood money from Bavaria . In: Die Zeit , No. 25/2008
  20. ↑ Tobias Dorfer: Delivery stop to Zimbabwe - Giesecke gives in. In: sueddeutsche.de. May 17, 2010, accessed May 1, 2015 .
  21. ↑ Annual Report 2013. (PDF) (No longer available online.) Giesecke & Devrient GmbH, 2014, archived from the original on April 2, 2015 ; accessed on May 1, 2015 .
  22. ↑ , About Veridos - Securing identities worldwide. Retrieved April 16, 2019 .
  23. ↑ verimi. Our guidelines. Retrieved August 16, 2019 .
  24. ↑ Giesecke + Devrient invests in startup Brighter AI Technologies. In: IT financial magazine. July 29, 2019, accessed on June 16, 2020 (German).
  25. ^ How face recognition is improving privacy technology. Retrieved June 16, 2020 (English).
  26. ↑ Page no longer available , search in web archives: annual reports on gi-de.com@1@ 2Template: Dead Link / www.gi-de.com

Coordinates: 48 ° 8 ′ 20.2 "  N , 11 ° 37 ′ 21.2"  E