EANS-News: Identive Group Inc. / IDENTIVE TO ACQUIRE MAJORITY STAKE IN PAYMENT SOLUTION AG

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Marketing/Mergers - Acquisitions - Takeovers

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

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
internationally."

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: www.identive-group.com.

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
E-Mail: lstreibel@identive-group.com

end of announcement euro adhoc
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company: Identive Group Inc.
Carnegie Ave., Bldg. B 1900
US-CA 92705 Santa Ana
phone: +1 949 553 4280
FAX: +49 89 9595-5555
mail: investorrelations@identive-group.com
WWW: http://www.identive-group.com
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