Nets continues European expansion with new acquisition

European payment provider, Nets Group has confirmed the acquisition of CCV Schweiz SA, a subsidiary of CCV Group based in the Netherlands. 

The deal acts as a further step in the firm’s continued focus on European growth and expansion, with it focused on bringing advanced payments solutions to regions with high growth potential driven by the ongoing shift to digital payments.

The Swiss payment infrastructure provider CCV Schweiz SA brings 30 years of experience in card terminals and associated services, as well as cash register integration, loyalty, and shopping card systems to Nets Group. 

CCV Schweiz SA will be integrated with Concardis Schweiz AG, which is part of Nets Group. As soon as the integration is organisationally completed in the coming months, the two companies will operate under the Nets brand.

Robert Hoffmann, CEO of Concardis and Nets Merchant Services, stated: “This acquisition will help us to broaden our presence across the Swiss value chain and, as a one-stop-shop, offer our customers value-added services beyond standard payment handling. 

“The CCV Group is an important and trusted partner for us in the DACH region. Joining forces will take our partnership to the next level, enabling us to support merchants across Switzerland, Germany, and Austria with a strong and competitive alternative offer, and helping to further develop Nets’ pan-European footprint in high growth regions.”

 “Strong growth rates in cashless payments, as well as a general openness to innovation and digitisation, make Switzerland an attractive location, which is why we are investing heavily here. 

“We are already a well-known payment provider in Switzerland, so far mainly focusing on merchant acquiring. CCV brings with it highly efficient and innovative technological hardware solutions, complementing our existing services for Swiss merchants.”

Meanwhile, Enny van de Velden, Chair of the Board, CCO at CCV Group B.V., added: “We have been working together successfully in Switzerland for many years, to serve the interests of local merchants. We see a great opportunity in joining forces – both from the customer perspective and for our employees.

“Going forward, our merchant customers will have one single point of contact serving them across the board, supported by our staff, who are extensively experienced in all matters relating to payment. Our employees will become part of a pan-European full-service payment provider that offers new development opportunities.”