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August 2017 marks Magicard Ltd’s first anniversary as an independent company since its private-equity backed MBO from Ultra Electronics Group.
With all manufacturing still in its UK facility, Magicard’s secure ID card printers are installed in more than 100 countries and are printing more than 150 million secure ID cards every year.
Over the year since the MBO, backed by private equity group LDC, the company reports that investment has been significant and the company is now poised for further growth.
Magicard Ltd CEO Andy Matko, said: “We are in an exciting period of significant investment in the business. Over the past 12 months we have added new sales managers to target South East Asia, Eastern Europe and to increase our market share in the United States and Western Europe. We have also bolstered our internal sales and marketing teams and have significantly increased capacity by expanding our operations area to meet this upcoming demand.”
Magicard adds that it’s also investing in new products, and plans the revamp of its product range. Investments in this area have been significant too with the addition of a large number of skilled engineers.
Technical Director Andy Cornelius said: “We have an ambitious roadmap to bring a number of new products to market over the coming years. Thanks to LDC’s investment, I have been able to accelerate this by almost doubling the size of our New Product Development engineering team and we plan to start releasing new products by the end of this year.”
The first of these new products includes an electronics platform that the firm says will be a first for the ID card printer industry.