IN Groupe and IDEMIA Group have entered into exclusive negotiations regarding the acquisition of IDEMIA Smart Identity, one of the three divisions of IDEMIA Group.
With this projected acquisition, IN Groupe will further enhance its size, geographic reach, cutting-edge technologies and differentiated know-how to reinforce its position in the physical and digital identity markets globally.
“We are looking forward to joining forces with IDEMIA Smart Identity to create a new global leading player for advanced and secure identity solutions,” said Agnès Diallo, CEO of IN Groupe. “This is a unique and transformative milestone for IN Groupe.
“It is fully aligned with our strategy to consolidate our position in physical and digital identity at a global scale to better serve our clients. IDEMIA Smart Identity’s teams, technologies and solutions, perfectly complement our own capabilities and I firmly believe that coming together would strongly benefit our customers.
“It would also positively impact the market as a whole, with the emergence of a new player with unrivalled ability to operate at scale internationally, upholding European values for privacy and security in a sector that is critical for the future of society at large.
“We would be thrilled to welcome to IN Groupe IDEMIA Smart Identity’s talented teams and to embark together on the exciting journey ahead.”
“IDEMIA Group continues its solid development trajectory while implementing its ambitious strategy,” added Pierre Barrial, CEO of IDEMIA Group. “We are reaching a decisive milestone with this project to sell IDEMIA Smart Identity, one of the leading providers of secure identity solutions, to create a market leading player.
“With €2.5 billion in revenue, 12,500 employees, and 4,000 customers with its Secure Transactions and Public Security divisions, IDEMIA Group would embark on a new chapter in its history and remain focused on delivering mission critical solutions powered by biometrics and cryptography addressing specific market segments, and accelerating its future growth.”
“We are delighted at the prospect of joining IN Groupe, a company whose experience and industry expertise are globally recognised,” concluded Antoine Grenier, CEO of IDEMIA Smart Identity. “The acquisition of IDEMIA Smart Identity by IN Groupe would expedite the growth trajectory we are on.
“I am proud that IDEMIA Smart Identity, a long-standing pioneer in physical and digital identity solutions, could bring these capabilities to IN Groupe.
“Together we would accelerate our development and unlock new opportunities to expand our national and international footprint, as well as enhance our expertise and better serve our clients.”
In accordance with the applicable regulations, this transaction is subject to prior consultation with employee representative bodies. The transaction is also subject to customary closing conditions and approvals from regulatory authorities. It is expected to close in 2025.
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