IN Groupe and Nets, part of Nexi Group, are pleased to announce the closing of the sale of Nets’ eID business to IN Groupe – a deal signed in in November 2023.
The responsibility of the operations and further development of the Danish digital identity service MitID and other related eID services is now with IN Groupe. IN Groupe and Nets now initiate a secure and seamless transition.
Agnes Diallo, CEO of IN Groupe says “At IN Groupe, we are proud to be the new operator of MitID, which is an extremely advanced and specialized 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. Together with the recent news of IN Groupe entering into exclusive negotiations for the acquisition of IDEMIA Smart Identity, today’s announcement show that the transformation of our Group is accelerating. Our international expansion and the widening of our capabilities along the identity value chain will help us better serve new and existing customers. We look forward to using our own experience and expertise to further develop and improve MitID for the benefit of both Danish citizens and businesses in the future”
“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,” says Torsten Hagen Jørgensen, Global Head of Issuing Solutions in Nexi Group.
The continued operation and development of MitID is 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.
The completion of the acquisition has been subject to customary closing conditions and the authorization of the Danish government on the suitability and capabilities of IN Groupe as their continued eID solution provider. During the entire process, Nets has been responsible for the stable and secure functioning of the services.
To ensure 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 has had the possibility to integrate Nets’ eiD business fully into its own business.
As of today, IN Groupe will be responsible for the continued operation and development of MitID and related eID services. In connection with this, IN Groupe will open two new Danish offices - the new headquarters for IN Groupe Denmark in Copenhagen and a branch in Aarhus. Additionally, a new office will be opened in Oslo, Norway. IN Groupe will welcome 300 skilled employees from Nets. These employees will continue to work with eID solutions, ensuring continuity and the necessary expertise to operate MitID.
In addition to the operation and development of MitID, IN Groupe will also now handle the trust and broker services previously owned by Nets.