Precise Biometrics Finalizes Merger with Fingerprint Cards, Forming a Leading Global Biometric Security Entity

Swedish Registration Finalizes Strategic Merger of Biometric Industry Leaders

The Swedish Companies Registration Office has formally registered the merger between Precise Biometrics and Fingerprint Cards, concluding a transaction first announced on 23 March 2026. This registration marks the merger's final legal effect, transferring all assets and liabilities of Fingerprint Cards to Precise Biometrics. The combined entity now stands as a global leader in biometric security, access control, and identity management, representing a significant consolidation within the biometric authentication sector by uniting two established companies with complementary strengths.

Following the initial announcement, the regulatory approval process progressed efficiently. On 15 July 2026, the Swedish Companies Registration Office authorized the merger plan's implementation. All other necessary conditions were met, allowing the transaction to proceed to final registration. The merged company retains the name Precise Biometrics AB (publ) and continues to be headquartered in Lund, Sweden. CEO Joakim Nydemark stated that the merger establishes "a strong platform for continued innovation, commercial growth, and increased customer value" by merging leading software, hardware, and deep industry expertise.

Share Exchange Details and Shareholder Entitlements

The merger consideration provided Fingerprint Cards shareholders with a fixed exchange ratio: for every Fingerprint Cards share held, regardless of class, shareholders received nine ordinary shares in Precise Biometrics. This uniform exchange ensured equal treatment across all Fingerprint Cards share classes. Shareholders recorded in Fingerprint Cards' share register as of 21 July 2026 were eligible to receive the merger consideration automatically through the registered shareholder system, requiring no action on their part.

Concurrent with the merger registration, the Swedish Companies Registration Office recorded the issuance of 68,272,083 new ordinary shares in Precise Biometrics as merger consideration, increasing the share capital by SEK 20,481,624.90. Fingerprint Cards shareholders were expected to receive their Precise Biometrics shares on or around 23 July 2026. Trading in Precise Biometrics shares remained uninterrupted throughout the merger process, allowing investors to trade shares without disruption during the transition.

Board of Directors Expansion Post-Merger

Following the merger's completion, the Board of Directors of Precise Biometrics expanded. As resolved at the Annual General Meeting on 21 May 2026, Christian Lagerling and Adam Philpott joined the Board upon the merger's registration. This expansion integrates leadership expertise from both companies, reflecting the combined entity's broader knowledge base. Their appointments took effect immediately upon legal completion of the merger.

These governance changes aim to oversee the merged company's operations and strategic direction effectively. The inclusion of these directors underscores the merger's objective to leverage combined expertise from Fingerprint Cards and Precise Biometrics. The Annual General Meeting's governance framework clarified the board composition guiding the merged entity post-transaction.

Enhanced Biometric Technology Portfolio Through Asset Integration

The merger unites extensive biometric technology assets and capabilities from both companies. Precise Biometrics is recognized as a global leader in biometrics, delivering trusted solutions for biometric security, access, and identity. Its technologies enable organizations to provide secure, seamless access across physical and digital environments while mitigating fraud and identity threats. The combined company now powers hundreds of millions of devices worldwide and facilitates billions of authentications daily through its trusted solutions.

The merged portfolio includes biometric algorithms, SaaS offerings, sensors, systems, and deep domain expertise. Serving enterprises, governments, technology partners, and original equipment manufacturers globally, the combined entity supports diverse applications ranging from mobile devices and consumer electronics to enterprise access, visitor management, and government identity programs. This comprehensive suite positions the company as "one of the industry's most comprehensive biometric portfolios."

Global Presence and Market Coverage

Post-merger, the combined company maintains a significant global footprint. Listed on Nasdaq Stockholm under ticker PREC, Precise Biometrics operates offices across Sweden (headquartered in Lund), France, the United States, China, India, Japan, and South Korea. This geographic spread enables service delivery to customers in major international markets and technology hubs. The company serves trusted clients including enterprises, governments, technology partners, and OEMs worldwide.

This multi-national operational structure supports both commercial outreach and technical service delivery. Presence in key technology regions such as Asia, North America, and Europe allows engagement with customers across critical markets. Precise Biometrics' solutions are deployed at scale, powering hundreds of millions of devices globally, forming a strong foundation to execute its strategy of providing secure, seamless access across physical and digital environments worldwide.

Operational and Commercial Synergies Driving Integration

CEO Joakim Nydemark highlights the merger's commercial and operational synergies as central to its rationale. The combination "provides a comprehensive offering, a stronger market position, and a solid foundation for realizing both commercial and operational synergies." Management aims to unlock "the full potential of the combined company and create long-term value for customers, partners, shareholders, and employees," reflecting confidence in efficiency gains and revenue growth from integrating operations and customer bases.

The strategic benefits include uniting leading software and hardware capabilities, strengthening market position by consolidating two established biometric players, and driving commercial growth via cross-selling and operational efficiencies by removing redundancies. The merger also fosters continued innovation by pooling technical expertise. These synergies shape management's strategy for the merged company's future development.

Regulatory Approval and Merger Completion Timeline

The merger followed a structured regulatory approval process in Sweden. The joint merger plan was adopted by both companies' Boards on 23 March 2026, outlining a statutory merger under the Swedish Companies Act. Shareholders approved the transaction at their respective Annual General Meetings on 21 May 2026, though specific vote margins were not disclosed.

Subsequently, the Swedish Companies Registration Office authorized the merger plan's implementation on 15 July 2026. All other conditions were met at registration, which finalized the merger legally. This registration rendered the transaction irreversible under Swedish law and transferred all Fingerprint Cards' assets and liabilities to Precise Biometrics. The process spanned approximately four months, allowing ample time for shareholder and regulatory review.

Uninterrupted Share Trading and Settlement Details

Throughout the merger, Precise Biometrics shares traded continuously without interruption. The announcement confirmed that "Trading in Precise Biometrics shares will continue as usual and will not be affected by the merger process," enabling investors to transact freely during the legal completion phase. This uninterrupted trading contrasts with some mergers that temporarily suspend share trading during integration.

Fingerprint Cards shareholders were expected to receive their Precise Biometrics shares on or around 23 July 2026, shortly after registration. This prompt settlement reflects the efficiency of the Swedish merger process, providing clarity on timing and minimizing waiting periods for share exchange post-merger completion.

Strategic Vision and Future Value Creation

The merger announcement reflects management's vision for the combined entity's future. CEO Joakim Nydemark described the merger as establishing "a global player in biometric security, access, and identity management by combining leading software, hardware, and deep industry expertise." This highlights management's intent to meet market demand for integrated biometric solutions that encompass both hardware sensors and software algorithms, offering unified platforms instead of disparate vendor solutions.

The forward-looking approach emphasizes creating value for customers, partners, shareholders, and employees alike. Management aims to leverage "a comprehensive offering, a stronger market position, and a solid foundation for realizing both commercial and operational synergies." While no specific financial targets or efficiency metrics were disclosed, the announcement underscores management's commitment to maximizing integration benefits.