Nets, the Danish cards and payments provider, has purchased Nordea Merchant Acquiring – a payments division of Nordea that deals with acquiring of international payment cards – for €230m.
Given Nordic Merchant’s connection to the Nordic and Baltic regions, its acquisition is part of Nets’ strategy to become the first choice for payments in the Nordic and Baltic regions.
The company says the acquisition will allow it to provide “better and more integrated services”. The merchant commerce landscape is rapidly changing and people are starting to look for companies that can provide the omni-channel experience, which will include services such as acquiring, payment gateway and value-added services.
“The combined businesses of Nordea Merchant Acquiring and Nets fits perfectly into Nets’ strategy following the rapid evolvement of the payment market,” said Asger Hattel, Group executive vice president, Merchant Services, Nets.
The acquisition is set to be completed during the fourth quarter of 2015, subject to relevant authority approval and obtainment of the relevant permits.
“We are very pleased to announce that Nets has signed a deal to acquire Nordea Merchant Acquiring. The acquisition enhances Nets’ ability to deliver first-class integrated acquiring services to a total of approx. 240,000 merchants across the Nordic and Baltic region,” continued Asger Hattel.
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