M&A Deal Summary

Nets Acquires Nordea Bank AB - Merchant Acquiring Business

On June 15, 2015, Nets acquired financial services company Nordea Bank AB - Merchant Acquiring Business from Nordea Bank for 230M EUR

Acquisition Highlights
  • This is Nets’ 1st transaction in the Financial Services sector.
  • This is Nets’ 2nd largest (disclosed) transaction.
  • This is Nets’ 2nd transaction in Sweden.

M&A Deal Summary
Date 2015-06-15
Target Nordea Bank AB - Merchant Acquiring Business
Sector Financial Services
Buyer(s) Nets
Sellers(s) Nordea Bank
Deal Type Add-on Acquisition
Deal Value 230M EUR

Target

Nordea Bank AB - Merchant Acquiring Business

Stockholm, Sweden
Nordea’s merchant acquiring business is service provided to corporate customers, enabling them to accept card payments at point-of-sale and online.

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Buyer(S) 1

Buyer

Nets

Ballerup, Denmark
Category Company
Founded 1968
Sector Financial Services
DESCRIPTION

Nets is a payments processing utility for the Nordics region. Nets connects banks, businesses, public sector organizations, merchants and consumers through an international network facilitating digital payments. Nets was founded in 1968 and is based in Ballerup, Denmark.

DEAL STATS #
Overall 3 of 7
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 3 of 4
Country (Sweden) 2 of 2
Year (2015) 1 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-03 Paytrail Oyj

Jyväskylä, Finland

Paytrail Oyj is a Finnish based e-commerce payment service provider (PSP).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-30 Signaturgruppen A/S

Aarhus, Denmark

Signaturgruppen A/S is a provider of digital signature and NemID solutions. Signaturgruppen was formed in 2006 and is based in Aarhus, Denmark.

Buy -

Seller(S) 1

SELLER

Nordea Bank

Helsinki, Finland
Category Company
Founded 1820
Sector Financial Services
Employees29,478
Revenue 11.7B EUR (2023)
DESCRIPTION
Nordea's corporate headquarters in central Stockholm.
Nordea's corporate headquarters in central Stockholm.

Nordea is a financial services group in Northern Europe. Nordea has leading positions within corporate and institutional banking as well as retail banking and private banking. It is also the leading provider of life and pensions products in the Nordic countries. Nordea Bank was founded in 1820 and is based in Helsinki, Finland.

DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Sweden) 1 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-23 PMC Hydraulics Group AB

Helsingborg, Sweden

PMC Hydraulics Group AB is a provider of innovative hydraulic systems and components for customers in the industrial, energy, mobile and marine sectors. PMC Hydraulics was formed in 1957 and is based in Helsingborg, Sweden.

Buy -
Mergr

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