ISTANBUL, May 27, 2014 /PRNewswire/ --
Austria Card (LYKOS Group) buys the Turkish personalization expert Provus Kart, thereby making a decisive step to further increase its market share in the region.
Austria Card (Lykos Group), an internationally leading card manufacturer, increased its share in the Turkish personalization specialist Provus Kart Hizmetleri A.Ş. to 100%. Former Provus thereby started to operate under the new company name Austria Card Turkey Kart Operasyonları A.Ş. With the complete acquisition of Provus, Austria Card will play a pivotal role in the industry's development in Turkey and the neighboring countries such as Azerbaijan, Georgia, or Kyrgyzstan. It will particularly influence the future of payment systems, card supply, and card personalization and thereby introduce a new level of customer service to the area.
Burak Bilge, CEO at Austria Card Turkey, states: "With this acquisition Austria Card has magnified its operations and managing processes locally. The core targets are to increase the market share in Turkey and the surrounding region, as well as to offer faster and even more economical end-to-end solutions, while at the same time meeting the highest possible security standards. Using the huge resources of the Lykos Group we will make sure that our customers profit from the rich experience of both Provus and Austria Card."
Austria Card has been supplying the Turkish market with cards and new generation payment systems since 1996 and it has an Istanbul-based subsidiary since 2002. Now former Provus operates as Austria Card's service center in Turkey, ensuring the best-possible service level for the region and state of the art personalization.
Our success model
Based in Vienna, Austria Card is a market leading company in the field of secure transactions and digital security. It is a member of the LYKOS Group, a four-generation family business founded in 1897. The vision of the group's founder was to provide secure, high quality and stylistic documents with a personal service parallel to none.
Today, more than a hundred years later, the LYKOS Group is proud to continue the tradition with an enhanced offering of trusted products and services for information management, document processing, secure transactions and digital security for financial institutions, industry, and governments. LYKOS employs 1000 people in multiple production sites across the European continent and has a current market presence in more than 50 countries.
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SOURCE Austria Card