Ingenico Group (Euronext: FR0000125346 – ING), the global leader in seamless payment, today announced the acquisition of IECISA Electronic Payment System, a leading payment service provider in Spain. IECISA Electronic Payment System is the business unit of Informática El Corte Inglés, S.A. (IECISA), the technology and digital division of the El Corte Inglés Group. The transaction includes a collaboration agreement with IECISA to offer innovative payment solutions to merchants.
Based in Madrid and created in 1998, IECISA Electronic Payment System has developed close relationships with many of the top Spanish retailers and has become the leading provider of in-store gateway services in Spain. Today IECISA Electronic Payment System provides payment acceptance solutions and in-store gateway services under a software-as-a-service (SaaS) model through its proprietary PCI-DSS-certified platform. IECISA Electronic Payment System processes some 360 million transactions each year from an installed base of 46,000 terminals deployed in various sectors, including retail, supermarkets, tourism, leisure or public administration.
The acquisition of IECISA Electronic Payment System will allow Ingenico Group to:
- Strengthen its position on the Iberian market
- Enlarge its customer base with a client portfolio of over 150 Spanish and international merchants and large retailers
- Accelerate the deployment of omnichannel solutions in Iberia and gain market share through the combination of the Group’s in-store and online capabilities with the footprint and the assets of IECISA Electronic Payment System
- Build on the existing portfolio of merchants and connections developed in Mexico to expand its presence and offering in the LATAM region
The collaboration agreement between IECISA and Ingenico Group will also allow IECISA to integrate Ingenico Group’s payment services in its portfolio of value-added solutions, while Ingenico Group will benefit from IECISA’s experience in managing digital projects with local market leaders and public entities.
“I am pleased to welcome IECISA Electronic Payment System’s team to Ingenico Group”, said Nicolas Huss, Retail Business Unit EVP of Ingenico Group. “They bring experience and assets that will reinforce our leading position in Europe and allow us to pursue our continuous development of payment services and retail solutions. IECISA has been a partner of Ingenico Group for many years, and we firmly believe that the strategic partnership between our two organisations will maximise our ability to offer value-added services to our clients”.
Vicente Calzado, Deputy General Manager at Informática El Corte Inglés stated that “After having made IECISA Electronic Payment System a leading payment service provider in Iberia, as part of Informática El Corte Inglés, we are confident that Ingenico Group, as a specialist in integrated payment solutions, will guarantee the evolution and the development of the business. Ingenico Group will bring its expertise in omnichannel solutions and I am pleased our two organisations can continue to cooperate to bring innovative solutions to our customers in the region”.
The closing is expected to occur by November 2017.
