Ingenico Group expands its footprint in Ukraine with SST acquisition
(Thomson Reuters ONE) -
Press release
Paris, April 27, 2017
Ingenico Group expands its footprint in Ukraine with SST acquisition
Ingenico Group (Euronext: FR0000125346 - ING), the global leader in seamless
payment, announced today the acquisition of the payment activities of its
Ukrainian partner BKC (BANCOMZVJAZOK JSC).
BKC, through its "SST" (Systems of Secure Transactions) business unit, has been
a partner and distributor of Ingenico Group in Ukraine since 1997. BKC's
shareholders and Ingenico Group have reached an agreement for the sale of the
business unit to Ingenico Group, through the acquisition of 100% of the shares
of a newly created legal entity.
With 40 employees, SST is Ingenico's portal to Ukraine, through its extensive
knowledge of the local market and its strong relationships with leading
Ukrainian banks. SST also provides software development services to various
entities within Ingenico Group, most specifically in Eastern Europe, Western
Europe, and Africa. SST will be integrated within the Banks & Acquirers business
unit.
With an installed base of more than 200,000 terminals, the Ukrainian payment
terminals market is expected to grow significantly in the coming years. The
Ukrainian government has taken several initiatives to promote digital
transactions and gradually decrease the use of cash in the economy.
Luciano Cavazzana, SVP EMEA (Banks and Acquirers business unit), declared "We
are delighted to welcome the SST team as part of Ingenico Group. Their knowledge
of the local market will be key to unlock the Group's growth in Ukraine, and
their expertise in software development will be a valuable asset for the Banks
and Acquirers business unit".
Oleg Zhukov, Director of SST, said "We have been working hand-in-hand with
Ingenico Group for years. Becoming part of the Group will increase our ability
to serve Ukrainian banks and retailers with a complete payment offering,
leveraging on Ingenico Group's cutting-edge portfolio of products and
solutions".
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
Contacts / Ingenico Group
Investors Investors Communication
Laurent Marie Caroline Alamy Coba Taillefer
VP Investor Relations Investor Relations Manager External Communication
laurent.marie(at)ingenico.com caroline.alamy(at)ingenico.com Manager
(T) / 01 58 01 92 98 (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
Unternehmensinformation / Kurzprofil:
Datum: 27.04.2017 - 18:00 Uhr
Sprache: Deutsch
News-ID 538895
Anzahl Zeichen: 4054
contact information:
Town:
Paris
Kategorie:
Business News
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"Ingenico Group expands its footprint in Ukraine with SST acquisition"
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