Precise Biometrics and Fingerprint Cards said their boards have adopted a joint merger plan that would combine the two Swedish companies into a broader biometrics and identity business spanning fingerprint, iris, face and palm technologies. Under the proposed statutory merger, Precise Biometrics would absorb Fingerprint Cards and the combined company would continue under the Precise Biometrics brand.
The companies said Fingerprint Cards shareholders would receive nine new ordinary Precise shares for each Fingerprint Cards share, regardless of share class, giving FPC shareholders approximately 47 percent of the combined company. The combined business would be headquartered in Lund, Sweden, with a post-merger review to determine the office footprint across Europe, North America and Asia Pacific. Preliminary combined revenue for 2025 was about SEK 156 million, with pro forma EBITDA of SEK 19 million. The companies projected annual run-rate cost synergies of at least SEK 45 million and said the merged entity intends to raise about SEK 110 million through a rights issue to support growth.
Fingerprint Cards reached the deal after a significant restructuring. The company wound down its mobile and PC biometrics product lines, reduced headcount by roughly 59 percent from Q2 2024 levels, and brought in Adam Philpott as CEO as it shifted toward a broader biometric systems and identity platform strategy. FPC chairman Christian Lagerling described the fit with Precise directly: “Fingerprint Cards has undergone a significant transformation in recent years, expanding beyond mobile sensors into a broader biometric systems and identity platform company. Combining with Precise Biometrics is a natural next step in that journey.”
Precise Biometrics chairman Torgny Hellström framed the deal in terms of scale: “We are very pleased to be merging with Fingerprint Cards to create a global leader in biometrics and identity… we gain the scale and cost advantages needed to better compete and lead in a global market.” Joakim Nydemark, CEO of Precise Biometrics, said the combined company would offer a “complete biometric security and identity offering” and be positioned to “take an active role in the continued consolidation of the industry.” Philpott said the transaction would give the combined entity “greater scale, broader capabilities and a stronger foundation from which to deliver value to customers, partners and shareholders.”
The product case for the merger is that the two companies now cover a wider slice of the biometrics stack than either could alone. Fingerprint Cards recently moved to blend face and iris biometrics in a new multimodal system, while Precise Biometrics has been targeting government identity programs with software that supports anti-spoofing fingerprint deployments in MOSIP and Aadhaar L1 markets. Enterprises and public-sector buyers increasingly want modality breadth rather than single-sensor solutions, and the merged entity would be among the few vendors positioned to deliver across fingerprint, face, iris and palm from a single platform.
The transaction requires shareholder and regulatory approval, with a merger document expected in mid-April 2026. If completed, it would represent one of the more substantial consolidation moves in the European biometrics sector in recent years.
Sources: Precise Biometrics
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By the ID Tech Editorial Team
