Lead Forensics


Cardel: Going global

Supporting Cardel’s international growth plans


Cardel is a leading manufacturer and supplier of technical components

Deal type
  • Management buyout
The Team
LDC Team

Cardel is a manufacturer and supplier of technical components used in the production of smart cards such as credit cards, mobile SIMs and ID cards. Around one in three credit and smart cards made globally involve a Cardel product at some point in their manufacture.

Established 20 years ago, the business has a team of skilled engineers, designers and production technicians based between Cambridge and London.

Backing an international expansion plan

LDC invested in Cardel in 2017 to support the business’ international growth plans. Today, the company has a truly global client base and serves more than 250 customers in over 55 countries. To support this, the business also has on the ground technical support and representation in North America, Brazil, China, Germany, Italy, Mexico and Spain.

In 2022, LDC helped Cardel to acquire Hannover based VTT a market leading supplier of components into the global security markets of Identity Cards, Driving Licences and Passport Data Pages.  The acquisition further increases Cardel’s international footprint and extends its product range.

Marshall Haldane, CEO, Cardel said: “Cardel has come a very long way over the past 20 years. We are proud to be one of the most recognised and trusted names in the card industry globally, and this is testament to our ethos of technical quality, innovation and services in delivering our products.”

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This acquisition gives Cardel an EU based manufacturing presence and opens doors to utilise advanced manufacturing technologies into existing and new sectors for Cardel.”
Marshall Haldane, CEO