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IN Groupe acquires e-ID business from Nexi

By Gloria Methri

November 10, 2023

  • Denmark
  • Digital ID verification (IDV) provider
  • Digital Identity Solutions
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IN Groupe, Nexi, Nets, Digital Identity, Digital Payments, FinTechNexi 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.

IN Groupe is known for providing comprehensive solutions that address a variety of digital identity challenges and enable both corporates and consumers/citizens to benefit from the digital transformation in a simple and secure manner.

Nexi has, via its ownership of Nets, managed to develop an identity and trust solutions in Denmark which has contributed to turning Nordics into a digitised society.

“As a provider of trusted digital infrastructures, we understand how critical it is to deliver stable, resilient, and secure services. 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,” said Didier Trutt, Chairman and CEO from IN Groupe.

“We want to expand digital payments in Europe and broaden our presence as a provider of digital payment solutions. As this requires that we focus our investments within the payments space we have reviewed the possibilities to divest our eID business,” said Torsten Hagen Jørgensen, Global Head of Issuing Solutions in Nexi.

“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.”

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.

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 serve its customers with a portfolio of differentiated ID and trust services based on technologies.

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