Former De La Rue Cash Systems Division launches as Talaris

Talaris, the former De La Rue Cash Systems Division, today announces its launch and new identity, following the completion of its acquisition by The Carlyle Group, the global private equity firm.

Talaris cash handling solutions enable 500 million banknotes to be processed globally every day. The worlds leading banks, financial institutions and retailers, in over 60 countries, rely on Talaris products. Headquartered in Basingstoke, U.K., with 30 offices in 14 countries, Talaris holds market-leading positions in North America, Spain, Germany, France and the UK.

Tracey Graham, Talaris CEO, commented, We are delighted to announce the completion of the acquisition by The Carlyle Group and our new identity, Talaris. Talaris is the name given to the winged sandals of the ancient Greek God of Commerce, Hermes. Talaris will emulate his speed, efficiency and agility in delivering the worlds most comprehensive portfolio of cash handling solutions, technology and services to our valued customers.

The Carlyle Groups sector expertise, global support and financial acumen will prove invaluable to Talaris as we develop our operations as a standalone business, while maintaining a strong relationship with our former parent, the commercial security printer, De La Rue.

Andrew Burgess, Managing Director, The Carlyle Group, said: As the demand for cash as a payment method continues to grow globally, so does the demand for products which can support greater quality and efficiency in customer service and security, and help clients respond to regulation. Unique technology, inherent expertise across some 2,300 professionals and a successful management team is the powerful combination that will ensure this is the first phase in the delivery of a dynamic new business.

Talaris has been acquired by Carlyle Europe Partners III, The Carlyle Groups third European buyout fund, which closed in 2007 with €5.35 billion in commitments.

About Talaris

Talaris, formerly known as De La Rue Cash Systems, was formed in September 2008 as a result of a management led buyout supported by The Carlyle Group, one of the worlds largest private equity firms.

Talaris offers global expertise specialising in cash handling technology to manage cash as it moves through the commercial cash cycle. Talaris solutions incorporate; Consulting and Project Management, Cash Dispensing and Recycling, Cash and Coin Handling, Self-Service Solutions, Integrated Technology (OEM), Connectivity and Optimisation Software and Full Support Services.

Talaris is a global business comprising of 2,300 personnel including over 1,000 service and support staff operating from more than 30 offices globally. An additional network of 130 business partners increases the coverage to 60 countries. With in excess of 250 patents granted across 26 countries Talaris delivers cash handling solutions on every continent, wherever money moves. With a turnover of 286.6m the company holds market-leading positions in North America, Spain, Germany, France and the UK.