INGENICO GROUP: Ingenico Group expands its footprint in Japan with Lyudia acquisition
(Thomson Reuters ONE) -
Ingenico Group (Euronext: FR0000125346 - ING), global leader in seamless
payment, announced today the acquisition of 70% of Lyudia, its distribution
partner in Japan. The two companies have been in a partner agreement since
February 2014 providing a full range of services, from software development, to
certification, logistics, maintenance and support in Japan.
Created in 2013, Lyudia is owned by BroadBand Tower Inc., listed on the Tokyo
Stock exchange. The company distributes and maintains Ingenico Group payment
terminals and develops payment software to obtain local certifications. Lyudia
is based in Tokyo with a high quality team of 30 employees with strong expertise
in the Japanese payment ecosystem. BBT will remain Ingenico Group partner in
Japan and retain a 30% stake in Lyudia.
Japan is a meaningful target market: transition to EMV is expected between 2017
and 2020, driven by Olympic Games organized in Tokyo in 2020 and by the
government's aim to promote cashless and secured payment methods. Total market
opportunity represents around 3 million EMV payment terminals, mostly
innovation-driven-products. Lyudia's acquisition will allow Ingenico Group to
accelerate the pace of payment applications certification process and represents
an important first step for Ingenico Group to become a significant player on the
Japanese market. Ingenico Group expects to leverage a full range of solutions
thanks to Lyudia management's deep market knowledge in order to develop a strong
local presence.
"This acquisition is a key milestone in our development in Japan, the second
largest retail market in the world", said Philippe Lazare, Chief Executive
Officer of Ingenico Group. "We are delighted to work more closely with the
Lyudia team. This move illustrates how fast our 2020 strategic plan is executed.
In addition to that, a strengthened local presence in Japan will also be an
opportunity to expand our omni-channel offer in the mid-to-long term."
"By becoming a subsidiary of Ingenico Group, we will be able to accelerate the
deployment of solutions compliant with EMV and PCI-DSS to the market toward
2020. We will also provide unparalleled payment technologies to our customers in
the context of greater demand for inbound tourism and omni-channel market", said
Takane Nakamura, President of Lyudia.
About Ingenico Group
Ingenico Group (Euronext: FR0000125346 - ING) is the global leader in seamless
payment, providing smart, trusted and secure solutions to empower commerce
across all channels, in-store, online and mobile. With the world's largest
payment acceptance network, we deliver secure payment solutions with a local,
national and international scope. We are the trusted world-class partner for
financial institutions and retailers, from small merchants to several of the
world's best known global brands. Our solutions enable merchants to simplify
payment and deliver their brand promise.
Learn more at www.ingenico.com twitter.com/ingenico
About Lyudia
Lyudia develops and offers new, highly secure, and convenient settlement
services to card companies, retail customers, and payment service providers. As
the agent in Japan for France's Ingenico Group, global leader in seamless
payment, this company imports and sells Ingenico's extensive lineup of products
as well as developing various related payment applications and offering service
and support.
Lyudia is a subsidiary of Broadband Tower, Inc. Since its establishment in 2000
Broadband Tower, Inc. http://www.bbtower.co.jp/ has been a Japanese pioneer in
data center operation business. The group also provides e-commerce fulfillment
solutions widely used by large fashion retailers through its subsidiary. For
further information: http://www.lyudia.com/
Contacts / Ingenico Group
Investors Investors Communication
Stéphanie Constand Caroline Alamy Coba Taillefer
VP Investor Relations Investor Relations Manager External Communication
stephanie.constand(at)ingenico.com caroline.alamy(at)ingenico.com Manager
(T) / 01 58 01 85 68 (T) / 01 58 01 85 09 coba.taillefer(at)ingenico.com
(T) / 01 58 01 89 62
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Source: INGENICO via GlobeNewswire
[HUG#2006622]
Unternehmensinformation / Kurzprofil:
Datum: 26.04.2016 - 08:15 Uhr
Sprache: Deutsch
News-ID 466352
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