IDENTOS GmbH concluded an agreement to acquire mobile smart card solutions business from Precise Biometrics AB on June 21, 2017. Under the terms of the transaction, the consideration will be paid as commission on sales of Tactivo during the period 2018 to 2020. Personnel currently working in the Mobile Smart Card Solutions business area will be transferred to the Fingerprint Technology business area. As part of the acquisition, Jeff Scott, US Sales representative at Precise Biometrics will be transitioning over to IDENTOS and will continue to lead sales in the Americas. Jeff will be supported by Travis Dunn, who will take over the EU sales. Precise Biometrics estimates that the commission will not have any significant impact on earnings. The mobile smart card solutions business reported revenue of SEK 13.9 million in 2016. The transition of business operations will commence immediately, beginning in North America and Central Europe with remaining regions to be completed by December 31, 2017. IDENTOS will take over all operations within the business area as of January 1, 2018. IDENTOS GmbH completed the acquisition of mobile smart card solutions business from Precise Biometrics AB on January 1, 2018.