Checkin.com Group completes acquisition of tech company GetID
Checkin.com Group (STO:CHECK), the company that changes how people all over the world checkin with services online, has today completed the previously communicated acquisition of the tech company GetID. The company’s technology identifies users in a matter of seconds with a frictionless solution based on AI-driven image recognition. The deal was carried out with a total consideration of approximately EUR 8.0 million, where approximately EUR 5.6 million is paid in Consideration Shares in Checkin.com Group and approximately EUR 2.4 million is paid in existing cash and cash equivalents. Key personnel and shareholders in GetID own approximately 3.2% of the shares in Checkin.com Group AB after the completion.
The outcome of the acquisition and the combined companies will create synergies and economies of scale within technology, sales and cost efficiency. The acquisition is a first step in Checkin.com Group’s previously communicated acquisition strategy to identify strong teams and technologies within hyper specialized key areas.
More information about GetID is available on the company’s website GetID.com.
For further information, please contact:
Jonas Köpniwsky, Head of Communications Checkin.com Group, press@checkin.com
Certified Adviser
Checkin.com Group’s Certified Adviser on Nasdaq First North Growth Market is Erik Penser Bank AB, +46 8463 83 00, certifiedadviser@penser.se.
About Checkin.com Group
The first line of code for the Checkin.com software was written back in 2017. The company's goal since then has been clear: to establish a new internet standard for checkins. Checkin.com Group's SaaS software combines multiple UX-systems, data sources, and identity solutions to instantly configure the best possible experience for each end-user at the point of checkin. Checkin.com Group is headquartered in Stockholm, Sweden, but has since its inception been operating fully remote to attract world-leading talent across the globe.
Checkin.com Group’s share is since 2021 listed on Nasdaq First North Growth Market under the trading symbol "CHECK”. Certified Adviser is Erik Penser Bank, available via +46 (0)8 463 83 00 or by e-mail: certifiedadviser@penser.se.
For more information about the company visit: https://group.checkin.com/investors/