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Mastercard Acquires Nets European PayTech for EUR 2.86bn
Wednesday 07 August 2019

7 August 2019 - New York, US-based payments technology company Mastercard (NYSE: MA) has agreed to acquire the majority of the Corporate Services businesses of Denmark-based payment service provider Nets for EUR 2.85bn (approximately USD 3.19bn), the company said.
The transaction, which is anticipated to close in the first half of 2020, is subject to regulatory clearances and other customary closing conditions.
Mastercard expects the transaction to be dilutive for up to 24 months after the deal closes, primarily related to purchase accounting and integration related costs.
The acquisition comprises the clearing and instant payment services, and e-billing solutions of Nets' Corporate Services business.
The addition of Nets' technology and teams strengthens Mastercard's existing account-to-account capabilities.
Post-acquisition, the company's best-in-class real-time payment assets will provide capabilities across three principal areas: infrastructure, applications for end-user solutions, value-added services like data analytics and fraud protection.
Mastercard said this deal strengthens its position as the one-stop partner for any bank, merchant or government's payment needs.
The combination with existing Mastercard assets such as Vocalink, Transfast and Transactis delivers real-time payment capabilities, innovation and expertise.
Mastercard offers a payments processing network that connects consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories.
Nets Group employs 3,500 people, helps hundreds of financial institutions, and hundreds of thousands of businesses and merchants in Europe.
Details
Date Published: 07/08/2019
Target: Nets
Country: Denmark
Deal Size: 3.19bn (USD)
Sector: Banking/Financial Services
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: Mastercard
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