Nexi has agreed with IN Groupe, an identity specialist and secure digital services, who will take over the ownership of the eID business.
Digital transformation
The strategic ambition of Nexi is to further strengthen its position as the 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 pioneer 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 simply and securely.
Identity and trust solutions
Combining Nexi’s eID capabilities with our own will enhance our ability to support our customers"
“Nexi has, via its ownership of Nets, managed to develop an industry-pioneering identity and trust solutions in Denmark which has contributed to making Nordic societies the most digitised in the world. As a provider of trusted digital infrastructures, we understand how critical it is to deliver stable, resilient, and secure services," says Didier Trutt, CEO and Chairman, of IN Groupe.
"Combining Nexi’s eID capabilities with our own will enhance our ability to support our customers throughout Europe as they have to embrace new regulations rapidly coming into play such as eIDASv2 and NIS2.”
Digital payment solutions
“We want to expand digital payments in Europe and broaden our presence as a provider of digital payment solutions," says Torsten Hagen Jørgensen, Global Head of Issuing Solutions in Nexi.
"As this requires that we focus our investments within the payments space we have reviewed the possibilities to divest our eID business."
eID solutions
"Our main objective was to find a future owner that will maintain and develop our eID solutions to the same high standards we have applied."
"In IN Groupe, we could not have found a better home for our eID business, and our customers and citizens can expect a provider of critical digital infrastructure who, better than us can continue to develop solutions to the benefit of its clients."
Transition to digital identity
Key parts of the eID infrastructure in Denmark, MitID, and NemLog-in
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.
Nets/Nexi provides an array of trust services in Nordics and key parts of the eID infrastructure in Denmark, MitID, and NemLog-in, which serves as a personal entrance key to both the public sector and most parts of the private sector, e.g. banks.
Secure digital services
IN Groupe’s strategic ambition is to become an industry-pioneering 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 serve its customers with a portfolio of differentiated ID and trust services based on cutting-edge technologies.