Nets Group, a major European payment provider, has announced the acquisition of CCV Schweiz SA, a subsidiary of CCV Group based in the Netherlands.
The acquisition is a further step in Nets Group’s European growth and expansion strategy, focused on bringing advanced payments solutions to regions with high growth potential driven by the ongoing shift to digital payments.
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By GlobalDataThe renowned Swiss payment infrastructure provider CCV Schweiz SA brings 30 years of experience in card terminals and associated services, as well as cash register integration, loyalty, and shopping card systems to Nets Group.
CCV Schweiz SA will be integrated with Concardis Schweiz AG, which is part of Nets Group. As soon as the integration is organisationally completed in the coming months, the two companies will operate under the Nets brand
Gearing up to support merchants across Switzerland, Germany, and Austria
“The CCV Group is an important and trusted partner for us in the DACH region. Joining forces will take our partnership to the next level, enabling us to support merchants across Switzerland, Germany, and Austria with a strong and competitive alternative offer, and helping to further develop Nets’ pan-European footprint in high growth regions,” says Robert Hoffmann, CEO of Concardis and Nets Merchant Services.
“Going forward, our merchant customers will have one single point of contact serving them across the board, supported by our staff, who are extensively experienced in all matters relating to payment. Our employees will become part of a pan-European full-service payment provider that offers new development opportunities,” says Enny van de Velden, Chair of the Board, CCO at CCV Group B.V.
Acquisition furthers Nets Group’s pan-European expansion strategy
In recent years, Nets Group has significantly expanded its European presence, having participated in six major strategic transactions since 2017 to provide greater exposure to high-growth regions and capture the continuing shift towards digital payments.
Nets Group has built a solid platform across Poland with a strong focus on e-commerce, through the acquisition of Dotpay/eCard, a strategic alliance with Przelewy-24 and the acquisition of leading Polish merchant acquirer, Polskie ePłatności (PeP).
