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nordicid.com

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Founded Year

1986

Stage

Acq - P2P | Acquired

Valuation

$0000 

About Nordic ID

Nordic ID is a Finnish technology company offering PaaS (Platform as a Service) – cloud services focused on real time tracking, tracing and managing of assets flows and products.

Nordic ID Headquarter Location

Joensuunkatu 7

Salo, 24100,

Finland

+358 2 727 7700

Latest Nordic ID News

Nordic ID Oyj public takeover by Brady Corporation – First ever Nasdaq First North Finland public bid

Jun 23, 2021

Nordic ID Oyj public takeover by Brady Corporation – First ever Nasdaq First North Finland public bid Translink advised Nordic ID in the first ever Nasdaq First North cash offer in Finland. On April 15, 2021, Brady S.à r.l, a wholly owned subsidiary of Brady Corporation, announced a public offer recommended by the Board of Directors of Nordic ID Oyj for all shares in Nordic ID Oyj. The Board of Directors of Nordic ID Corporation recommended that the shareholders accept the tender offer based on the Fairness Opinion provided by Translink Corporate Finance Oy. The offer reached a 92,91% acceptance level on May 19th, making the offer unconditional. Jorma Lalla, Chairman of the Board of Nordic ID Corporation, stated: “All members of the Board of Directors were truly impressed by the quality, details and reliable recommendations of Translink during the preparation and execution of the takeover project.” Brady S.à r.l. and Nordic ID Plc have signed a combination agreement on April 15, 2021, pursuant to which Brady will make a voluntary public tender offer recommended by the Board of Directors for all issued and outstanding shares of Nordic ID that are not held by Nordic ID or its subsidiaries. In the tender offer, Nordic ID shareholders will be offered a cash consideration of EUR 3.30 per share, which equates to a total tender offer of approximately EUR 8.1 million and an enterprise value of approximately EUR 10.2 million. The members of Nordic ID’s Board of Directors have unanimously decided to recommend to Nordic ID’s shareholders the acceptance of the Tender Offer. Juuso Lehmuskoski, President and CEO of Nordic ID Corporation, commented: “The team, led by Sami Miettinen, managed the confidential transatlantic process with impressive precision and in accordance with The Helsinki Takeover Code at all times.” The offer consideration for the tender offer includes a premium that is: approximately 26.0 percent compared to the closing price of the Shares on the Nasdaq First North Growth Market on April 14, 2021, i.e. on the last trading day prior to the announcement of the Tender Offer; approximately 31.7 percent over the six (6) month volume-weighted average price of the Shares on the Nasdaq First North Growth Market; and approximately 36.1 percent over the twelve (12) month volume-weighted average price of the Shares on the Nasdaq First North Growth Market. Contact our deal team in Finland for more information:  Sami Miettinen, Partner:  smiettinen@translinkcf.com

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