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Merger with Nets

Creating a European payments champion
Merging Nets and Concardis Payment Group

A strong match

The merger of Nets and Concardis Payment Group is a story of two leading companies joining forces to create a European payments champion.

In recent years, both companies have actively driven consolidation in their home countries through strategic acquisitions, especially within the high-growth area of merchant services. With the merger, Nets and Concardis Payment Group combine market-leading positions as payment service champions in the Nordics and Germany, Austria and Switzerland. Both companies offer their customers a broad portfolio of payment services including offline, online, mobile, recurring payments and real-time services.

As a joint Group, Nets and Concardis Payment Group will further refine their service offering, bringing innovation to market faster, empowering merchants and better meeting consumers’ needs for more digitized, easy-to-use payment solutions.

The merger creates a business with approximately €500 million of EBITDA and €1.3 billion of net revenue (FY 2017). The resulting industrial scale will enable further investments in innovation and service improvements for merchants, enterprises and banks, allowing the joint Group to create a leading position in Europe.

Setting new standards in payments

A strong partnership

Both Nets and Concardis Payment Group enjoy leading positions in their respective geographies and business areas. Together, the joint Group will be able to accelerate its European expansion and be a driving force behind the ongoing consolidation in the European payments industry.

Strategic fit

Nets and Concardis Payment Group are a strong fit in terms of ambitions, priorities and business offerings. This constitutes a strong foundation for the partnership.

Superior customer offerings

Nets and Concardis Payment Group offer best-in-class payment solutions tailored to meet their customers’ needs. By leveraging their combined strengths, the joint Group will drive faster time to market with state-of-the-art and customer-friendly solutions.

Nets and Concardis Payment Group’s complementary product portfolios will empower merchants to benefit from digitisation of payments with e.g. state-of-the-art e-commerce gateways, merchant portals as well as invoicing solutions for e-commerce merchants.

Extensive industrial scale

Industrial scale will enable further investments in innovation and service improvements for merchants, enterprises and banks.

Solid springboard for further European expansion

With a strong foothold in the Nordics as well as Germany, Austria and Switzerland, Nets and Concardis Payment Group form a solid foundation allowing for pursuing further opportunities in Europe.

Facts and figures

The merger creates a strong European payments leader

Merger with Nets creates a strong European payments leader

Payment solutions for an easier tomorrow

With the merger, Nets and Concardis Payment Group will shape the ongoing consolidation in the European payments industry and further drive their European expansion. By leveraging their combined strengths, the joint Group will be able to offer their customers the benefits of the digitisation of payments. Their collective product and service offering seek to spark growth and progress for both commerce and society.

The merger builds on an unmatched history of driving reliable digital ecosystems and payment solutions. Combining their product knowledge and technological capabilities will allow the joint Group to go to market even quicker with state-of-the-art and customer-friendly products, underlining the joint ambition to be at the forefront of innovation. This way the joint Group can unlock new and better opportunities for merchants, enterprises and banks, to help them make tomorrow a little easier for their customers.

The Group’s ambition is to turn the complex reality within the payments landscape into easy, intuitive and customer-oriented solutions to ensure that they stand out as the trusted hub of the payments industry delivering unmatched connectivity always rooted in unrivalled security and stability.

Powering a tomorrow that’s easier than today. This is the purpose that drives the joint Group.

Creating value with leading propositions

With the broad and deep range of offerings, Nets and Concardis Payment Group jointly stand out as a flexible service provider with an immense scale in transactions and data for all needs within the payment sphere.

Enabling smart POS

Driver of customer satisfaction and growth in payments

Mobility

Increasing penetration (e-wallet and P2P)

Convergence

Data analytics and vertical know-how as key success factors

E-commerce

Omni-channel / next gen e-commerce proposition

Technology

Modular and scalable IT platforms and strong capabilities

Security

Infrastructure assets with best-in-class security knowledge

Read more on www.nets.eu