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.
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.