Munich-based security technology group Giesecke+Devrient (G+D) is further expanding its stake in Swiss digital payments company Netcetera from 30 to 60 percent.

Netcetera will still remain as an independent company following the share transfer that is planned for February 2023.

Together with the Netcetera’s Board of Directors, CEO and Co-founder Andrej Vckovski has decided to step down from the company’s operational management at the end of January 2023.

Vckovski will continue to play a key role in future developments as Vice Chairman of the Board of Directors.

He will be succeeded by Carsten Wengel as the new CEO of Netcetera from 1 February 2023 onwards. Wengel heads up global sales and distribution for the digital and card-based payments business at G+D.

Both Wengel and the newly appointed CFO Nanette Haubensak complement the existing management team as they pursue Netcetera’s expansion strategy.

“With its focus on software solutions that are essential to the success of customers and their business processes, Netcetera complements and strengthens Giesecke+Devrient’s digital portfolio.

 

Expanding our partnership is the next logical step and confirms our mutual trust. Together, we are laying the foundation for further joint growth.”

said Ralf Wintergerst, CEO of G+D and Chairman of the Board of Netcetera.

“As the market leader, Netcetera is excellently positioned, and I am pleased that our company is continuing to pursue its expansion strategy together with G+D.

 

In the past two years, we have strengthened our innovative power and developed further international growth potential,”

said Andrej Vckovski, CEO and Co-founder of Netcetera.