IBP International buys out French joint venture partner
23 May 2005

Robbery specialists, IBP International, announce the purchase of shares from Sedimap of its joint venture company, IBP-Sedimap, renaming the company IBP France SAS.

		Digby Ram, IBP International’s Managing Director: “The buy-out means that we are now freer to invest in introducing new products”

The subsidiary, that has a network of full-time ‘technico-commerciaux’, covering the whole of mainland France, serves financial institutions and retail chains – with the French Post Office being its largest account. IBP France is well placed to introduce niche security products to the French market with service being its key market contribution.

Digby Ram, IBP International’s Managing Director, said: “We are pleased with the buy-out and the business risk is now spread with non-UK sales now representing more than 40% of group turnover. The buy-out means that we are now freer to invest in introducing new products to a traditionally difficult market place with a highly experienced management team on the ground.”

IBP International
IBP has a reputation for working closely with major institutions and national High Street retailers and financial institutions to reduce their robbery risk. ISO9001 (2000) certificated, 3 times winner of Post Office Suppliers Gold Award, member of BSIA, sponsors of Banknote Watch and Raid-control Crime prevention initiatives.

Digby Ram
Present appointments:
Managing Director, IBP International Ltd
Convenor, CEN TC263 WG4 European Standards group, cash-degradation systems
Director, Banknote Watch Trust Ltd
Director, Raid-control Trust Ltd

Past appointments:
Chairman of Banknote Watch
Chairman of Raid-control Steering Group
Chairman of BSIA Cash & Property Marking Section and BSIA main board

Awards:
ATMIA award for contribution to the ATM industry
BSIA Chairman’s award for contribution to the security industry

For more information, contact Neil Chrismas at IBP International, or call +44 (0)1428 641399.