Paris, France – IN Groupe, an identity solutions and secure digital services firm, has recently announced the acquisition of IDEMIA Smart Identity, part of the IDEMIA Group that harnesses cryptographic and biometric technologies for secured identity.
Through the initiative, IN Groupe will be able to enhance its size, geographic reach, cutting-edge technologies, and expertise to strengthen its global standing in the physical and digital identity markets.
The acquisition particularly bolsters their presence in Europe, the Middle East and Africa, Latin America, and Asia using smart identity’s solid and complementary positions.
The projected transaction would further offer the firm improved and integrated access to critical segments of the physical and digital identity value chain that encompass chip design and advanced software, which are key components in delivering secure identity documents.
With this, IN Groupe and IDEMIA Smart Identity aim to establish a leading and trusted partner promoting solutions based on the European security and data protection model.
Furthermore, said acquisition complements the company’s growth strategy pursued by IN Groupe over the past ten years, with several successful acquisitions already completed.
Under the agreement, IN Groupe will also support a significant shift in its development strategy, addressing three main challenges in the identity market.
These include the increased demand from all clients, governments, and the private sector for secure identity solutions, protecting users’ privacy and governments sovereignty; an ever-growing trend towards the digitalisation of identity solutions, allowing access to modern services; and the rise of European standards that bolster the digital ecosystem for identity.
Agnès Diallo, CEO at IN Groupe, said, “We are looking forward to joining forces with IDEMIA Smart Identity to create a new global leading player for advanced and secure identity solutions. 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,” continued Diallo.
She further added, “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 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. 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,” remarked Pierre Barrial, CEO at IDEMIA Group.
He also said, “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.”.
Meanwhile, Antoine Grenier, CEO at IDEMIA Smart Identity, stated, “We are delighted at the prospect of joining IN Groupe, a company whose experience and industry expertise are globally recognised. 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,” concluded Grenier.
