Nexi Signs Merger Agreement with Nets

​Nexi, the PayTech leader in Italy, announced that it has signed a merger agreement with Nets, a leading integrated Pan-European PayTech player, creating one of the European PayTech leaders with the scale, reach and breadth of capabilities to drive from a leading position the transition to digital and cashless in Europe.

Following last month announcement by Nexi of the signing of a Memorandum of Understanding in relation to the strategic combination, the transaction will offer enhanced future-proof innovative payment solutions and leverage a strong complementary presence across both the most digitally-advanced and under-penetrated geographies in Europe.

The New Group represents a winning platform that will be ideally positioned to further drive new partnerships with banks and merchants in-market and across Europe.

The CEO of Nexi, Paolo Bertoluzzo, commented: “ Nexi will transform into a European leader with access to a fourfold larger addressable market, still largely unpenetrated and growing double digit. The New Group, with reach in over 25 countries, will act as digitalization engine in Europe, driving the transition to digital and cashless.”

The CEO of Nets, Bo Nilsson, commented: “This transaction marks an important milestone in Nets’ journey to become a European payments champion, from our beginning as a domestic player in Denmark and Norway to our evolution into a pan-European payments pure-play operator. We are incredibly excited to join forces with Nexi, with whom we will continue to shape the industry and capture significant growth opportunities across the sector through our presence in structurally attractive payment markets such as Germany, Austria, and Switzerland, as well as in the fast growing Polish market.”