INGENICO GROUP announces the closing of Bambora's acquisition
14 Novembre 2017 - 6:00PM
Press
Release |
Paris,
14th November
2017 |
Ingenico Group (Euronext: FR0000125346 - ING), the
global leader in seamless payment, today announced the closing of
Bambora's acquisition, after obtaining approval from the relevant
regulatory and antitrust authorities.
The acquisition of this fast-growing
player in payment services represents a key milestone in Ingenico
Group's strategy as it:
-
Enables the Group to accelerate the development
of its Retail division through a direct-to-SMB channel in the
Nordic countries and to deploy the successful model of Bambora in
new markets.
-
Enhances the full-service offer with a modern
and efficient acquiring platform which will bring greater
flexibility and speed in the boarding of new merchants.
-
Extends its geographical exposure both online
and in-store.
"From a purely hardware company selling
terminals to banks & acquirers, Ingenico Group has, over the
past decade, continuously shifted its model towards payment
services. Bambora is a key milestone in that strategy. Its
integration into our group will enable us to scale up our Retail
business, which is key on our path to further improve our position
as an undisputable leader of the seamless and omnichannel payment
experience," said Philippe Lazare, Chairman and Chief
Executive Officer of Ingenico Group. "The whole group joins me in warmly
welcoming all the employees of Bambora and I look forward to
working closely with them."
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.
Stay in touch with us:
www.ingenico.com
twitter.com/ingenico
For more experts' views, visit our
blog.
Contacts /
Ingenico Group
Investors
Laurent Marie
VP Investor Relations &
Financial Communication
laurent.marie@ingenico.com
(T) / (+33) (0)1 58 01 92 98 |
Investors
Kevin Woringer
Investor Relations Manager
kevin.woringer@ingenico.com
(T) / (+33) (0)1 58 01 85 09
|
Communication
Coba Taillefer
External Communication Manager
coba.taillefer@ingenico.com
(T) / (+33) (0)1 58 01 89 62 |
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Source: INGENICO via Globenewswire