20200204 - IN Group announces the acquisition of Nexus

10 years ago Nexus was de-listed from the Nasdaq Stockholm Stock Exchange and taken private by Novargus (via Ponderus). At the time, Nexus was an amalgam of digital technologies, one of which was the backbone of the now hugely successful Swedish eID platform BankID. Despite its wide solution portfolio, share price performance lagged the market. Recognizing the value of the underlying technology and the knowledge of parts of the team, Novargus’ objective for the take-private was to turbocharge R&D and subsequently growth in order to create a European leader within cyber security, particularly around digital identities.

On February 4, 2020, IN Groupe (formerly Imprimerie Nationale), the French government-owned world specialist in identity and secure digital services, announced its acquisition of Nexus Group. The acquisition is a testament to Sweden’s ability to create global leaders within cyber security, allowing IN Groupe to provide clients in France, Europe and globally a consolidated portfolio of differentiated offers based on cutting-edge technologies. Nexus’ platform is used to secure identities and communication for people, devices, and various software applications. For example, within V2X / C2X (IoT for vehicles) and IAM (Workforce Identity Management), Nexus is recognized as a global leader and innovator. The Company’s solutions are used by FT500 companies, public organizations, defense, and governments around the globe.

-Novargus wants to express its gratitude, pride, and content to the Nexus Team, headed by CEO Magnus Malmstrom, who have worked tirelessly to successfully create a global cyber security leader.
We also wish Didier Trutt and his team at IN Groupe the best going forward now that Nexus becomes a part of a larger global player within physical and digital identities.