The UK-based manufacturer of Magicard secure ID card printers today announced an investment from leading mid-market private equity firm LDC, in conjunction with CEO Andy Matko and the company’s leadership team, Andrew Cornelius, Alan Pickering, David Worsdell and Luis De La Cruz. As a result, the business exits the Ultra Electronics group and renames from Ultra ID to Magicard Ltd. Organically developed within the defence and security specialist Ultra in 1992, Magicard is one of the World’s leading manufacturers of secure desktop ID card printers, with offices in Weymouth (UK), Redmond (USA), Shanghai and Dubai and a global network of value-added distribution partners. Operations, engineering and production will continue to centre at the high-precision Weymouth facility and all other global offices will remain fully operational.
