Mafra/Portugal & Paris/France, December 2nd 2025

Two European leaders in cash security technology have joined forces to create a global force in the fight against ATM physical attacks and cash-in-transit crime. Following the Letter of Intent signed on 7th July 2025, Oberthur Cash Protection and Feerica have completed their strategic merger, forming Oberthur Feerica..

The combination brings decades of innovation in IBNS (Intelligent Banknote Neutralisation Systems) together with advanced manufacturing capabilities.

A Powerful Combination

• Highly complementary technologies in IBNS, ATM protection, Cash In Transit (CIT) boxes, smart safes, and digital supervision.
  Systems designed to deter physical attacks on ATMs and cash-in-transit vehicles.
• A multinational industrial footprint, including a State of the art production facility in Portugal together with long-established technological 
  centers in France and Portugal.
• A global commercial presence with strong relationships with ATM manufacturers, CIT companies, banks, and retail networks.
• A reinforced capacity for research, engineering, and industrialisation, allowing faster innovation cycles and
  increased production flexibility.

Shaping the Future of Cash Protection

Oberthur Feerica will operate as a unified entity, aligning teams, capabilities, and solution portfolios to deliver more comprehensive
and technologically advanced suite of security solutions.

Oberthur Feerica represents a shared ambition to redefine the future of intelligent cash protection, uniting complementary strengths into a single, forward-looking global leader. The teams from both companies will now begin the full integration process, ensuring operational continuity and a smooth transition for all customers and partners.Thomas Savare, President of François Charles Oberthur Group, stated: “This merger reflects the shared ambition of two industry leaders in intelligent cash protection to form an undisputed global champion. Oberthur Feerica will be ideally positioned to meet the growing demand for new solutions and services in a fast-evolving market.”

Nuno Abrantes & Paulo Duarte, Executive Board Members, Feerica, stated: "We're thrilled to begin a new technological era through this merger, a powerful collaboration driven by complementarity, shared talent, and a joint pursuit of excellence. More than a business combination, it unites our visions. In a time demanding speed, scale, and focus, this bold step positions Oberthur Feerica to deliver cutting edge solutions, accelerate innovation, and set new benchmarks for excellence in global cash protection technology."

Patrice Rullier, Managing Director of Oberthur Cash Protection, added: "By uniting our complementary strengths, we are creating a stronger, more agile company, one that leads the global ATM and cash cycle security market. Our combined expertise will deliver to all our stakeholders certified, high-quality solutions and superior support, ensuring long-term stability and value for our partners and customers around the world."

About Oberthur Cash Protection

Founded in 1985 under the name Axytrans, Oberthur Cash Protection is a recognised leader in intelligent cash protection, with longstanding expertise in banknote neutralisation technologies. Based in Dijon, France, the company designs and manufactures a comprehensive portfolio of solutions that safeguard cash throughout its journey, supporting cash-in-transit operations, ATMs and retail environments. Oberthur Cash Protection provides reliable, high-quality security solutions to customers around the world.

About Feerica

Feerica is a Portuguese company founded in 1982, producing the world-leading SmartStain IBNS portfolio at its state-of-the-art manufacturing facility in Mafra, near Lisbon. The company develops and manufactures IBNS protection solutions which, together with its advanced online monitoring suite, provide a wide range of security capabilities for cash-in-transit companies and financial institutions. With a strong heritage of technical expertise and consistent industrial performance, Feerica supports secure and efficient cash-management operations in markets worldwide.