SIA Announces Completion of the Acquisition from Unicredit of emoney Processing Activities in Italy, Germany and Austria
Friday 23rd December 2016 saw the completion of the acquisition by SIA of the processing activities of around 13.5 million payment cards and the management of 206,000 POS terminals and 12,000 ATM terminals in Italy, Germany and Austria from Unicredit Business Integrated Solutions (UBIS) , a company in the Unicredit Group, for the sum of €500 million.
The operation, effective from 1st January 2017, also includes a ten-year outsourcing contract to SIA Group for the supply of processing services concerning transactions made using debit, credit and prepaid cards, and for the management of POS and ATM terminals.
“This acquisition is part of the SIA strategic plan that has as its primary goal the consolidation of our competitive positioning at international level. This operation is characterized by its sustainable impact both from an economic point of view - because it will lead to a growth in size in 2017 of more than 20% of revenues (based on 2015 pro-forma figures) and to greater economies of scale - and a social point of view because the integration of UBIS activities and 382 people into SIA Group will not lead to a reduction in staff, as often happens with this kind of operation ” - commented Massimo Arrighetti, CEO of SIA.
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
Skriv dig op her, og modtag pressemeddelelser på e-mail. Indtast din e-mail, klik på abonner, og følg instruktionerne i den udsendte e-mail.
Flere pressemeddelelser fra Business Wire
AURAK15.12.2018 11:51 | Pressemeddelelse
AURAK Gains SACSCOC Accreditation
KRAMER-LEVIN14.12.2018 18:44 | Pressemeddelelse
Lehman Brothers Treasury Announces Plans for Partial Wind-Down
MA-TAKEDA-PHARMACEUTICAL14.12.2018 18:02 | Pressemeddelelse
Takeda Receives Positive CHMP Opinion for ADCETRIS® (brentuximab vedotin) for the Treatment of Adult Patients with Previously Untreated CD30+ Stage IV Hodgkin Lymphoma in Combination with AVD
FL-POTNETWORK-HOLDINGS14.12.2018 16:44 | Pressemeddelelse
Diamond CBD, POTN Subsidiary, Enters the $46 Billion Coffee Market With the Release of Premium Line of CBD-Infused Coffee & Tea K-Kup Capsules
HENLEY-&-PARTNERS14.12.2018 15:02 | Pressemeddelelse
Henley & Partners Enlarges Executive Committee to Manage Expansion and Growth
BOEHRINGER-INGELHEIM14.12.2018 10:09 | Pressemeddelelse
Vargatef® plus docetaxel could be an option after failure of immunotherapy in lung cancer
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter samt finde vores kontaktoplysninger.Besøg vores nyhedsrum