Strategic acquisition creates global leader, transforming digital identity and fraud prevention

A few key points follow:

• Combination supports GBG?s purpose to build trust in a digital world, delivering differentiated solutions for all points of the identity verification and identity fraud customer journey
• Acquisition enables GBG to further expand into the US ? the world?s largest and most strategically important market for location, identity and fraud services
• Combination accelerates GBG?s data, product and technology ambitions, delivering world-class technology across the customer lifecycle and bringing together the industry?s most skilled experts in identity verification and fraud prevention

Bringing together two of the leaders in the global digital identity market

GB Group announced that it has reached agreement to acquire Acuant, a leading identity verification and KYC/AML compliance provider, for a cash-free, debt-free enterprise value of $736 million. The acquisition of Acuant brings together two of the leaders in the global digital identity market with a combined revenue of c. Source: idology.com