Identive Group Inc.

EANS-News: Identive Group Inc.

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Marketing/Mergers - Acquisitions - Takeovers

Subtitle: Acquisition Expands Identive’s Position in Cashless Payment Systems in

SANTA ANA, Calif., MUNICH and HAMBURG, Germany, February 1, 2012 (euro adhoc) -
Identive Group, Inc. (NASDAQ: INVE; Frankfurt: INV), a provider of products,
services and solutions for the identification, security and RFID industries,
today announced that it has agreed to acquire a majority stake in payment
solution AG, a German-based provider of integrated cashless payment solutions
for sports stadiums, arenas, theme parks and other venues for leisure and
entertainment throughout Europe. 

payment solution´s systems enable consumers at sporting and similar events to
make quick, cashless payments for food, beverages and merchandise using
contactless smart card technology. The systems consist of comprehensive payment
management software, smart cards, and reader and communication infrastructure,
all supplied and implemented by payment solution. The company offers its
customers the option of purchasing of a turnkey solution or entering into a
multi-year contract under which payment solution continues to operate and
maintain responsibility for the cashless payment system over a set period, in
return for sharing in the revenue generated at various events held in the
stadium or other venue. 

"The acquisition of payment solution enhances our direct connection to consumers
and extends our ability to deliver payment systems in Europe," said Ayman S.
Ashour, chairman and chief executive officer of Identive Group. "payment
solution has proven that they can help stadium operators and merchants increase
their revenues through faster transactions in the limited time available for
retail at sporting events and concerts. We are also impressed with the company´s
success in penetrating the Eastern European cashless payment markets and highly
value their long-term operations and revenue share agreements." 

Hemjö Klein, Chairman of payment solution, stated, "Joining forces with Identive
is the right next step for both companies and the market. We have built a strong
installed base particularly in the German Soccer Leagues and are convinced the
combination with Identive will allow us to expand further into other markets and

Achim Hirz, CEO of payment solution, commented, "We have worked with Identive as
our supplier of cashless payment readers and contactless cards for many years
and this partnership has expanded as we have collaborated to develop integrated
solutions for various smart city projects. We look forward to deepening our
relationship with Identive, which provides us the opportunity to leverage the
company´s worldwide presence and to further expand our offerings beyond our
current base in Germany."

On January 30, 2012, Identive´s Swiss-based subsidiary, Bluehill ID AG, entered
into agreements with 18 shareholders of payment solution, representing
approximately 58.8% of the outstanding share capital of that company. The
transaction values 100% of the shares of payment solution at approximately
EUR4.0 million (or approximately $5.3 million). Additionally, the company has
outstanding debt of approximately EUR4.5 million (or approximately $5.9
million). Under the terms of the agreements, Identive will issue 1,357,758
shares of its common stock to the selling shareholders, representing
approximately 2.4% of Identive´s outstanding common stock, in exchange for the
payment solution shares.  The Identive common stock has not been and will not be
registered under the U.S. Securities Act of 1933, as amended, and will be issued
in reliance upon the safe harbor exemption provided by Regulation S and,
therefore, subject to restrictions upon transfer.

About Identive Group 
Identive Group, Inc. (NASDAQ: INVE; Frankfurt: INV) is focused on building the
world´s signature company in Secure ID. The company´s products, software,
systems and services address the markets for identity management, physical and
logical access control, NFC and a host of RFID-enabled applications for
customers in the government, enterprise, consumer, education, healthcare and
transportation sectors. Identive´s mission is to build a lasting business of
scale and technology based on a combination of strong technology-driven organic
growth and disciplined acquisitive expansion. For additional info visit:

About payment solution
payment solution provides complete and truly integrated payment solutions for
stadiums, arenas, theme parks and other venues for leisure and entertainment.
Using multi-functional customer cards based on RFID contact-less chip technology
and comprehensive management software, the system ensures the seamless
interaction of all relevant components such as ticketing, access, point-of-sale,
parking, etc. Through increased convenience for guests and visitors, faster
transactions and enhanced marketing options, operating companies will enjoy
higher revenue and profit.

Further inquiry note:
Mr. Lennart Streibel
Tel.: +49 89 9595-5195

end of announcement                               euro adhoc 

company:     Identive Group Inc.
             Carnegie Ave., Bldg. B  1900 
             US-CA 92705  Santa Ana
phone:       +1 949 553 4280
FAX:         +49 89 9595-5555
sector:      Computing & Information Technology
ISIN:        US45170X1063
indexes:     NASDAQ
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
             Nasdaq: New York, Open Market / Entry Standard: Frankfurt 
language:   English

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