Nexi is Europe's PayTech company operating in high-growth, attractive European markets and technologically advanced countries
IN Groupe acquires e-ID business from Nexi. (Credit: Gilles Lambert on Unsplash)
Nexi has entered into an agreement with French IN Groupe which is to take over its eID business. This acquisition is in line with the strategy of both groups: to reinforce IN Groupe’s role as European leader in digital identity, and further strengthen the position of Nexi as the leading European PayTech.
Nexi has entered into an agreement with IN Groupe, a specialist in identity and secure digital services, who will take over the ownership of the eID business.
The strategic ambition of Nexi is to further strengthen the position as the leading PayTech in Europe and in the context of the portfolio rationalisation and simplification process announced at the Capital Markets Day in September 2022 the divestment is in line with the strategic direction presented.
IN Groupe is a global leader and specialist in identity and trust solutions providing comprehensive solutions that address a broad variety of digital identity challenges and enabling both corporates and consumers/citizens to benefit from the digital transformation in a simple and secure manner.
The completion of the transaction is subject to customary closing conditions and the authorisation of the Danish government on the suitability and capabilities of IN Groupe as their continued eID solution provider.
Today Nets/Nexi provides an array of trust services in Nordics and key parts of the eID infrastructure in Denmark, MitID and NemLogin, which serves as a personal entrance key to both the public sector and most parts of the private sector, e.g. banks.
IN Groupe’s strategic ambition is to become an industry-leading player in identity and secure digital services, and a preferred partner of governments and businesses in Europe.
The acquisition of the eID Business from Nexi will enable the group to augment its geographical footprint and to serve its customers with a portfolio of differentiated ID & trust services based on cutting-edge technologies.