INGENICO GROUP: Acquisition of Nera Payment Solutions Ingenico Group bolsters its position in Southeast Asia
(Thomson Reuters ONE) -
Ingenico Group (Euronext: FR0000125346 - ING), the global leader in seamless
payment, announced today the S$88m acquisition of Nera Payment Solutions Pte
Ltd, a subsidiary of Nera Telecommunications Ltd (SGX: N01), the Singapore-
listed network solutions company.
Ingenico Group is acquiring the Payment Solutions business of Nera
Telecommunications, which generates S$47m in revenue a year and has a workforce
of over 250. Nera Payment Solutions is one of Southeast Asia's top companies in
payment software development and payment terminal distribution and services,
with market leadership in Thailand and a substantial share of the market in
Singapore, Indonesia, the Philippines, Malaysia and Vietnam.
By acquiring Nera Payment Solutions, Ingenico Group will enhance its local
payment applications portfolio and will be able to leverage Nera's existing
distribution and services network (call centers, field services), thus allowing
the Group to deploy its entire product range more effectively in Southeast Asia
and generate sizeable distribution synergies.
Completion is expected to take place during Q3 2016.
"I'm pleased that the Nera Payment Solutions management team is joining Ingenico
Group" stated Patrice Le Marre, EVP Asia Pacific & Middle East of Ingenico
Group. "Nera Payment Solutions is in a good position to double its revenue in
the coming years. With this strategic acquisition, we will be able to fully
capture Asia's strong market growth."
"By becoming a subsidiary of Ingenico Group, our Payment Solutions business will
enjoy the corporate, financial and technical backing of a global leader in
payments. Ingenico Group will take our team to the next level under their global
umbrella and we are convinced that our Payment Solutions people will build a
high-quality regional business" said Samuel Ang, Chief Executive Officer of Nera
Telecommunications.
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 Nera Telecommunications Ltd
Nera Telecommunication Ltd (SGX: N01) has over 37 years' experience designing
communication solutions and telecommunications infrastructure. Headquartered in
Singapore, it has a global presence spanning 17 countries in SE Asia, Middle
East and Africa. With revenue of approximately S$182 million in 2015, the
company operates in two business segments:
- Telecommunications
Nera provides wireless infrastructure networks, end-to-end solutions and
services in the wireless space to service providers, ISPs, broadcasters,
enterprises, government organizations, offshore and utilities. Nera's portfolio
covers in-building solutions, outdoor coverage enhancement, RF access network
optimization, benchmarking, 3G/ LTE base stations, licensed and unlicensed
point-to-point and point-to-multi-point microwave.
- Infocommunications (comprises two business areas)
Network Infrastructure: Nera provides high-performance solutions for IP
networks, digital TV broadcast networks and carrier-grade optical networks to
service providers, mobile carriers, broadcasters, enterprises, government, and
transport and utility companies.
Payment Solutions: Nera provides distribution (via sale or leasing) and
maintenance of point-of-sales payment terminals, electronic payment solutions
and other value added services to the banking, financial services and retail
industries.
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 |
PDF VERSION:
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Source: INGENICO via GlobeNewswire
[HUG#2014081]
Unternehmensinformation / Kurzprofil:
Datum: 19.05.2016 - 21:21 Uhr
Sprache: Deutsch
News-ID 472527
Anzahl Zeichen: 5658
contact information:
Town:
Paris
Kategorie:
Business News
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