Add-on Acquisition • Information Technology

Concardis Acquires Cardtech Card & POS Service

On August 23, 2017, Concardis acquired information technology company Cardtech Card & POS Service

Acquisition Context
  • This is Concardis’ 2nd transaction in the Information Technology sector.
  • This is Concardis’ 2nd transaction in Germany.

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M&A Deal Summary

Date August 23, 2017
Target Cardtech Card & POS Service
Sector Information Technology
Buyer(s) Concardis
Deal Type Add-on Acquisition

Target Company

Cardtech Card & POS Service

Cologne, Germany
Cardtech Card & POS Service GmbH is a full service payment provider. Cardtech Card & POS Service GmbH was established in 1990 and is based in Cologne, Germany.
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Buyer Overview 1

Buyer

Concardis

Eschborn, Germany

Category Company
Founded 2003
Sector Information Technology
DESCRIPTION

Concardis is a payment service provider that offers intelligent solutions to meet the extensive requirements for a modern cashless payment process the ability to accept payments made with all major credit and debit cards, including card terminals and contactless payment processes for face-to-face retailers, innovative solutions for e-commerce and m-commerce, as well as support in the form of customer management. Concardis was founded in 2003 and is based in Eschborn, Germany.


Deal Context for Buyer #
Overall 2 of 4
Sector: Information Technology 2 of 4
Type: Add-on Acquisition 1 of 3
Country: Germany 2 of 4
Year: 2017 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-03 RatePAY

Berlin, Germany

RatePAY GmbH is a provider of payment solutions with a full payment guarantee in the DACH region. Products offered by RatePAY include invoicing, instalment payments with real-time online approval, direct debit and pre-payment. Ratepay GmbH, headquartered in Berlin, was founded in December 2009 and has more than 100 employees.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-19 PCS PayCard Service

Mannheim, Germany

PCS PayCard Service GmbH is a provider of cashless payments solutions. PCS PayCard Service GmbH was established in 1996 and is based in Mannheim, Germany.

Buy -