Ultra completes divestment of ID cards business to LDC

23 AUGUST 2016

Further to the announcement made on 27 May 2016, Ultra is pleased to confirm that the divestment of its global ID cards business to private equity firm LDC, for a cash consideration of £22m, has now received US regulatory approval and the transaction has been completed. 

Following the divestment Ultra Electronics ID will operate as Magicard Ltd.  

Rakesh Sharma, Chief Executive   
Amitabh Sharma, Group Finance Director
020 8813 4307  

Susan McErlain, Corporate Affairs Director 
07836 522 722

James White, MHP Communications 
020 3128 8756