Fingerprint Cards and Precise Biometrics have adopted a joint merger plan for merging the companies through a statutory merger in accordance with the Swedish Companies Act. The merger till be implemented by Precise Biometrics absorbing Fingerprint Cards, whereby the shareholders in Fingerprint Cards will receive nine (9) new ordinary shares in Precise Biometrics for each share in Fingerprint Cards. The merger combines capabilities within hardware, software, and identity solutions within one single provider, and is conditional upon, inter alia, approval by the shareholders of each of Precise Biometrics and Fingerprint Cards at their respective general meetings. The merger consideration values Fingerprint Cards at approximately SEK 135.7 million.
Fingerprint Cards is a global biometrics hardware and systems provider, with its sensors already embedded and in active use in nearly two billion devices worldwide. Precise Biometrics is a global provider of biometrics and access control software. Fingerprint Cards and Precise Biometrics are listed on Nasdaq Stockholm.
KANTER advises Fingerprint Cards on the merger.