SIA Acquires Unicredit’s eMoney Processing Activities for Italy, Germany and Austria
Unicredit Business Integrated Solutions (UBIS) , a company in the Unicredit Group, and SIA today signed an agreement for the sale to the latter – for the sum of €500 million – of the processing activities of around 13.5 million payment cards and the management of 206,000 POS terminals and 12,000 ATMs in Italy, Germany and Austria .
UBIS also signed with SIA a ten-year outsourcing contract for the supply of processing services for transactions made using debit, credit and prepaid cards, and for the management of POS and ATM terminals.
For SIA this acquisition represents the continuation along the path of growth: thanks to this operation, revenues increase by over 20% (2015 pro-forma figures).
“This acquisition allows SIA to strengthen further its competitive positioning at domestic and international level, especially in Germany and Austria – two of the main target markets in the 2016-2018 Business Plan - to increase the volumes of the payments managed on our technology platforms and thus achieve greater economies of scale ” - commented Massimo Arrighetti, CEO of SIA.
Thanks to this agreement, in the e-money sector, SIA’s pro-forma 2015 figures indicate an increase in card payment transactions from around 4 billion to over 5 billion .
SIA called upon the assistance of Studio Chiomenti as legal consultant, Studio Tremonti for the fiscal aspects and Ernst & Young as financial advisor.
Filippo Fantasia / Valentina Piana, Tel. +39 02.6084.2833/2334
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Ved at skrive dig op her, vil du modtage pressemeddelelser på mail når de udsendes. Indtast din mail og følg instruktionerne. Det er ligeså let at melde sig fra igen.
Flere pressemeddelelser fra Business Wire
TRIACONTA21.9.2017 18:20 | pressemeddelelse
Triaconta Announces a New Safe Way to Invest in Cryptocurrencies
TIP-TRAILER-SERVICES21.9.2017 17:18 | pressemeddelelse
TIP Trailer Services Announces the Successful Refinancing of its ABS program
TOHATSU-CORPORATION21.9.2017 16:32 | pressemeddelelse
Tohatsu, Major Outboard Manufacturer, to Launch Global Brand Campaign Targeting Millennial Generation Boat Users
SIGMA-SYSTEMS21.9.2017 16:02 | pressemeddelelse
Sigma Systems Chief Technology Officer to Address CSPs at Futurecom 2017
ENCANTO-POTASH-CORP.21.9.2017 15:02 | pressemeddelelse
Encanto Potash Corp Secures CAD $100 Million Capital Commitment from GEM Global
MN-CYBEROPTICS21.9.2017 14:47 | pressemeddelelse
CyberOptics Launches Coordinate Measurement Software Suite for New High Speed SQ3000™ CMM System
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum