IN Groupe completes acquisition of Nexi’s eID business

By Gloria Methri

IN Groupe and Nets, part of Nexi Group, have officially closed the sale of Nets’ eID business to IN Groupe, following a deal signed in November 2023. IN Groupe is now responsible for the operations and further development of the Danish digital identity service MitID and other related eID services. IN Groupe and Nets now initiate a secure and seamless transition.

Agnes Diallo, CEO of IN Groupe, said, “We are proud to be the new operator of MitID, which is an extremely advanced and specialised eID technology. As Europe’s leading identity specialists, it is in our DNA to collaborate with authorities and help them protect citizens’ identities and preserve business integrity. Therefore, the collaboration with the MitID partnership fits perfectly with our expertise and experience in delivering digital identity solutions, biometrics, cybersecurity, and digital verification services across Europe.”

The continued operation and development of MitID are central to the rationale behind IN Groupe’s acquisition. MitID will remain formally owned by the MitID partnership, which consists of the Danish Agency for Digital Government (Digitaliseringsstyrelsen) on behalf of the Danish state and Finance Denmark (Finans Danmark) on behalf of the Danish banks.

“We could not think of a more competent new owner for our eID business, and we are pleased to have finally reached closing. IN Groupe has years of experience delivering complex and secure digital solutions to states, citizens, and businesses in Europe, which means they are optimally positioned to meet the requirements and responsibilities necessary to operate and develop the solutions that are crucial to Denmark. We are confident that IN Groupe will bring renewed value to MitID and be a strong and trustworthy partner to the MitID Partnership, the Danes, and Danish businesses,” said Torsten Hagen Jørgensen, Global Head of Issuing Solutions in Nexi Group.

To ensure the continued operational excellence of MitID during the transition, IN Groupe and Nets have entered into a Transitional Services and Separation Agreement (TSA) until IN Groupe can fully integrate Nets’ eiD business into its own. In addition to operating and developing MitID, IN Groupe will also now handle the trust and broker services previously owned by Nets.