Ballerup, Denmark, and Eschborn, Germany, 4 June 2018 – Nets A/S and Concardis Payment Group have today announced at Money 20/20 that the two companies will join forces to form a leading European payments player.
The newly-formed Group will further refine its 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. The resulting industrial scale will enable further investments in innovation and service improvements for merchants, enterprises and bank customers, allowing the Group to reinforce its leading position in the European payments market.
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