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Announced

Completed

Signicat completed the acquisition of Electronic IDentification.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Spain

Majority

applications

Single Bidder

Digital Services

identification technology

Completed

Private

Cross Border

Friendly

Acquisition

Private Equity

Synopsis

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Signicat, a provider of digital identity-management services, completed the acquisition of Electronic IDentification, a developer of a video identification application designed for customer introduction and qualified electronic signatures. Financial terms were not disclosed. "Through our long cooperation, we were convinced that eID is a perfect match for us. Their unique services are a great compliment to our offering, and they bring with them a stronger foothold into the European market and competency to further fuel our growth ambitions. Together, we will solve some of the most advanced digital identity challenges for our customers," Asger Hattel, Signicat CEO.

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