On the 26th of September 2018, in the presence of the Luxembourg Deputy Prime Minister and Minister of the Economy of Luxembourg, Etienne Schneider, InfoCert (Tecnoinvestimenti Group) signed an agreement to acquire 50% of LuxTrust, the leading player in Digital Trust in the country.
LuxTrust implements and integrates innovative, multi-application and customised solutions to secure on-line transactions, digital identity and electronic signatures for its customers, including governments, institutions, businesses and private individuals. Its mission and its objectives perfectly reflect those of InfoCert: to guarantee the digital identity and security of the electronic data of companies and citizens, and thereby increase trust in the digital economy to make life simpler and encourage business efficiency.
Danilo Cattaneo, CEO of InfoCert, commented:
“This operation represents a further important step towards the goal of making InfoCert a champion of the Digital Trust at European level. In the last few months we have accelerated our strategy to attract the most interesting companies and position InfoCert as an aggregator of the sector. LuxTrust is one of the largest providers of qualified trust services in Europe and manages the digital identities of all Luxembourg citizens and companies, as well as the authentication and access systems of the entire Luxembourg banking system. Therefore, the operation announced today represents a great development opportunity for InfoCert, as well as for our customers and partners”.
The collaboration between LuxTrust and InfoCert will allow the two companies to enhance their respective strengths, count on an increased financial strength, a strong territorial presence and an exceptional institutional profile, expanding significantly the Digital Trust business in the main European markets.
The CEO of LuxTrust, Pascal Rogiest, remarked:
“LuxTrust and InfoCert share the same strategic vision, aiming for international development through a portfolio of innovative products based on cutting edge technology, security and compliance. Our offerings are complementary, and we will benefit from each other’s expertise. Having the same DNA, it seemed perfectly natural for us to join forces in a common industrial project. Together we will a have critical-mass of customers and users unmatched in Europe. This is a great development opportunity for the company, for its staff, for its partners and for our customers.”
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