M&A Deal Summary

Concardis Acquires RatePAY

On April 3, 2017, Concardis acquired information technology company RatePAY from Otto Group

Acquisition Highlights
  • This is Concardis’ 1st transaction in the Information Technology sector.
  • This is Concardis’ 1st transaction in Germany.

M&A Deal Summary

Date 2017-04-03
Target RatePAY
Sector Information Technology
Buyer(s) Concardis
Sellers(s) Otto Group
Deal Type Divestiture

Target

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.

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Buyer(S) 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 STATS #
Overall 1 of 4
Sector: Information Technology M&A 1 of 4
Type: Divestiture M&A Deals 1 of 1
Country: Germany M&A 1 of 4
Year: 2017 M&A 1 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-23 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.

Buy -

Seller(S) 1

SELLER

Otto Group

Hamburg, Germany

Category Company
Founded 1949
Sector Internet Software and Services
Employees49,750
DESCRIPTION

Otto Group is a globally operating retail and services group. Company is one of the world’s largest online retailer. E-commerce, catalogue sales and over-the-counter retail form the three pillars of the Otto Group’s Multichannel Retail strategy. Its worldwide corporate activities, numerous strategic partnerships and joint ventures provide the Otto Group with excellent opportunities to transfer know-how and leverage areas of synergy potential. Group companies operate largely independently, guaranteeing flexibility, customer proximity and optimum target-group appeal in their respective national markets.


DEAL STATS #
Overall 1 of 3
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
Country: Germany M&A 1 of 2
Year: 2017 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-10 Evri

Leeds, United Kingdom

Evri is a parcel delivery company with a strong national network purpose-built for third-party e-commerce parcels and a differentiated last-mile delivery model. Evri is based in Leeds, United Kingdom.

Sell -