INGENICO GROUP: Acquisition of Nera Payment Solutions Ingenico Group bolsters its position in Southeast Asia
19 Mai 2016 - 9:21PM
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
Stéphanie Constand
VP Investor Relations
stephanie.constand@ingenico.com
(T) / 01 58 01 85 68 |
Investors
Caroline Alamy
Investor Relations Manager
caroline.alamy@ingenico.com
(T) / 01 58 01 85 09 |
Communication
Coba Taillefer
External Communication Manager
coba.taillefer@ingenico.com
(T) / 01 58 01 89 62 |
|
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Source: INGENICO via Globenewswire
HUG#2014081