CPI Acquires HID Global's TRISM Assets, Expected 20% Revenue Growth in 2026
CPITM announced it has acquired the TRISM on-premise instant issuance solution assets from HID Global Corporation. The acquired business is expected to accelerate CPI's 2026 annual revenue growth in the Integrated Paytech segment to approximately 20% and is expected to have a gross margin profile consistent with CPI's IPT segment. Following the completion of one-time integration costs, management expects this acquisition to be accretive to EPS approximately 12 months after the close date. The all-cash transaction was completed on June 23, 2026, and includes transition service arrangements to support operational continuity. The transaction was funded entirely with cash on hand and is not expected to impact CPI's net leverage. CPI will not assume any debt or cash in the transaction.