DC Advisory advises XTec on its sale to G+D

Background

• XTec is a leading provider of identity, credential, and access management (ICAM) solutions to the US Federal Government and other highly regulated environments. XTec offers secure, interoperable authentication and verification systems through its technology portfolio authorized at the FedRAMP High Impact level, enabling trusted access to physical and digital resources across complex ecosystems
• With offices in Miami, FL, and Reston, VA, XTec has more than 30 years of experience supporting leading US government agencies across both classified and unclassified environments
• Founded in 1852, Giesecke+Devrient (G+D) is a global SecurityTech company headquartered in Munich, Germany. G+D offers security technology in three segments: digital security, financial platforms, and currency technology and is represented by 118 subsidiaries and joint ventures in 41 countries
  

Process

• DC Advisory acted as the exclusive financial advisor to XTec on its sale to G+D
• DC Advisory was selected for its deep industry and M&A expertise, particularly in DefenseTech and Cybersecurity within the defense and government market 
  

Outcome

• XTec was acquired by G+D in February 2026. This transaction marked a strategic expansion for G+D into the US public sector digital identity and security market. XTec’s technology is expected to enhance G+D’s capabilities in federal-grade digital identity, cryptographic credential issuance, and authentication services
• Under G+D’s ownership, XTec will be able to build on its strong foundation with enhanced access to advanced security technologies and domain expertise
• XTec will be integrated into the portfolio of Veridos, the joint venture between G+D and the German federal technology group Bundesdruckerei. Veridos is a leading provider of integrated identity solutions worldwide