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
Skrive dig op her og du vil løbende modtage pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Business Wire
CA-GILEAD-SCIENCES22.2.2018 23:02 | pressemeddelelse
Gilead Sciences Announces Senior Management Change
NY-TRUMP-HOTEL-GROUP22.2.2018 20:23 | pressemeddelelse
Trump International Hotel Washington, D.C. Announced as First Forbes Five Star Hotel in Downtown Washington, D.C.
MN-ENTRUST-DATACARD22.2.2018 19:32 | pressemeddelelse
Entrust Datacard and Infineon Partner to Reduce Complexities with Securing IoT Deployments
CA-BLUE-DANUBE-SYSTEMS22.2.2018 19:12 | pressemeddelelse
Blue Danube Systems Joins xRAN Forum as a Massive MIMO System Supplier Fully Committed to Open Interfaces
CA-BLUE-DANUBE-SYSTEMS22.2.2018 19:09 | pressemeddelelse
Blue Danube Systems First to Demonstrate Benefits of FDD Massive MIMO in Clustered Multi-Sector Deployments
AZ-IDEMIA22.2.2018 17:10 | pressemeddelelse
Avnet and IDEMIA Develop Highly Flexible ‘Plug & Play’ Cellular Connectivity Solution for IoT and Industry 4.0 Applications
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum