CPI Card Group acquires HID’s TRISM on-premise instant issuance assets

CPI Card Group, Inc.

CPI Card Group, Inc.

PMTS

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  • CPI Card Group acquired assets for HID Global’s TRISM on-premise instant issuance solution in an all-cash deal.
  • Transaction closed June 23, 2026; funded with cash on hand; no debt or cash assumed; net leverage unchanged.
  • Deal broadens CPI’s instant issuance offering into on-premise deployments, targeting larger financial institutions alongside its SaaS platform.
  • Acquired customer base spans multi-year relationships across the U.S.; instant issuance footprint rises to more than 3,000 financial institutions.
  • Expected to lift 2026 IPT segment revenue growth to about 20%; EPS accretion anticipated about 12 months post-close after integration costs.


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