INGENICO GROUP: Acquisition of Nera Payment Solutions Ingenico Group bolsters its position in Southeast Asia
19 Mai 2016 - 9:24PM
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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