The legal merger of Swiss payment terminal provider CCV Schweiz SA with Concardis Schweiz AG by the Nets Group, a payment service provider in Europe, has been completed.
As of 30 June 2021, the two companies will continue to operate under the Nets brand as Nets Schweiz AG. The merger was originally announced in October last year.
The rebranding to Nets Schweiz AG has already been implemented with the successful legal merger. The web presence of CCV and Concardis in Switzerland will be integrated into the Nets Group website.
With their expanded service portfolio, Nets Schweiz will become a one-stop-shop for merchants and service providers in Switzerland in demand for payment solutions.
This ranges from card acceptance in e-commerce or at the point of sale, to card terminals and related services, to cash register integration, customer loyalty and shopping card systems.
Nets Group has already strategically expanded its position in Europe with acquisitions in Germany, Poland, Austria and Switzerland in recent years.
Additionally, the merger of Nets Group with the Italian paytech firm Nexi is expected to become effective.
“By merging Concardis and CCV to form Nets Schweiz AG, we have created very good conditions for further growth and the expansion of our presence in Switzerland.
In this way, we are supporting the expansion of the Nets Group in European high-growth regions,”
said Marianne Bregenzer, Country Director at Nets Schweiz.
Featured image credit: Unsplash
