Nets Acquires Swiss Payments Group CCV Schweiz
- M&A Deals
- 23.10.2020 01:59 pm
Nets Group, a leading European payment provider, today announced the acquisition of CCV Schweiz SA, a subsidiary of CCV Group based in the Netherlands. The acquisition is a further step in Nets Group’s European growth and expansion strategy, focused on bringing advanced payments solutions to regions with high growth potential driven by the ongoing shift to digital payments.
The renowned Swiss payment infrastructure provider CCV Schweiz SA brings 30 years of experience in card terminals and associated services, as well as cash register integration, loyalty, and shopping card systems to Nets Group. CCV Schweiz SA will be integrated with Concardis Schweiz AG, which is part of Nets Group. As soon as the integration is organisationally completed in the coming months, the two companies will operate under the Nets brand.
“This acquisition will help us to broaden our presence across the Swiss value chain and, as a one-stop-shop, offer our customers value-added services beyond standard payment handling,” says Robert Hoffmann, CEO of Concardis and Nets Merchant Services. “The CCV Group is an important and trusted partner for us in the DACH region. Joining forces will take our partnership to the next level, enabling us to support merchants across Switzerland, Germany, and Austria with a strong and competitive alternative offer, and helping to further develop Nets’ pan-European footprint in high growth regions.”
“Strong growth rates in cashless payments, as well as a general openness to innovation and digitisation, make Switzerland an attractive location, which is why we are investing heavily here,” says Hoffmann. “We are already a well-known payment provider in Switzerland, so far mainly focusing on merchant acquiring. CCV brings with it highly efficient and innovative technological hardware solutions, complementing our existing services for Swiss merchants.”
“We have been working together successfully in Switzerland for many years, to serve the interests of local merchants. We see a great opportunity in joining forces – both from the customer perspective and for our employees,” says Enny van de Velden, Chair of the Board, CCO at CCV Group B.V.
“Going forward, our merchant customers will have one single point of contact serving them across the board, supported by our staff, who are extensively experienced in all matters relating to payment. Our employees will become part of a pan-European full-service payment provider that offers new development opportunities,” adds van de Velden.
Joint know-how for powerful solutions
“Nets is already a leading provider in the Nordics, the DACH region and Poland when it comes to digital payments and services,” says Hoffmann. “We will combine this know-how with the experience of our partners and employees across central Europe to provide small businesses, pioneering start-ups and internationally established players with innovative and powerful solutions for local and international payments.”
In recent years, Nets Group has significantly expanded its European presence, having participated in six major strategic transactions since 2017 to provide greater exposure to high-growth regions and capture the continuing shift towards digital payments. Nets Group has built a solid platform across Poland with a strong focus on e-commerce, through the acquisition of Dotpay/eCard, a strategic alliance with Przelewy-24 and the acquisition of leading Polish merchant acquirer, Polskie ePłatności (PeP). These acquisitions followed the major merger with the Concardis Payment Group in 2019, building Nets Group’s presence in the DACH region, and the greater strategic focus on Merchant and Issuer Services with the €2.85bn sale of the Group’s account-to-account business to Mastercard. With this expansion Nets Group has significantly increased its exposure to high growth regions and as well to eCommerce, with the latter now comprising approximately 40% of Merchant Services revenue.
CCV Schweiz SA has a portfolio of around 34,000 payment terminals and employs around 90 people at three locations in Switzerland.
The acquisition is expected to be completed in the coming weeks.