IN Groupe plans to acquire IDEMIA Smart Identity

The acquisition falls in line with IN Groupe’s development strategy, with the company planning to address the surging demand for secure identity solutions, the trend towards digitalisation, and the increase of European standards in the digital identity ecosystem. Still subject to regulatory approvals and consultations, the transaction between IN Groupe and IDEMIA Smart Identity is projected to close in 2025. When commenting on the announcement, representatives from IN Groupe underlined that, by teaming up with IDEMIA Smart Identity, their firm plans to develop a new global participant for advanced and secure identity solutions.

Furthermore, the agreement between the two companies intends to consolidate IN Groupe’s position in physical and digital identity at a global scale and allow the latter to optimise its solutions and how it serves its clients. Officials from IDEMIA Group highlighted that their company aims to maintain its focus on providing solutions enabled by biometrics and cryptography addressing specific market segments and accelerating its growth.

The deal between IN Groupe and IDEMIA Group follows the former’s acquisition of Nexi’s eID business in November 2023. At that time, the two firms merged their capabilities to improve IN Groupe’s ability to support customers across Europe as they faced new regulations, including eIDASv2 and NIS2. When announced, the completion of the transaction was still subject to customary closing conditions and the authorisation of the Danish government on IN Groupe’s abilities as their eID solution provider.

Source: Link