Nets Group acquires Swiss payment terminal provider CCV Schweiz SA

By Megha Bhattacharya

European payment solutions provider, Nets Group has announced the acquisition of CCV Schweiz SA, a subsidiary of CCV Group based in the Netherlands. The company stated that the acquisition is expected to further its European growth and expansion strategy. Nets aims to introduce advanced payments solutions to regions with high growth potential. CCV Schweiz SA will be integrated with Concardis Schweiz AG, which is part of Nets Group.

“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,” says Robert Hoffmann, CEO of Concardis and Nets Merchant Services. “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.”

CCV Schweiz SA has a portfolio of around 34,000 payment terminals and employs around 90 people at three locations in Switzerland.

Recently, Nets released its transaction data from the first four months of 2020 that saw the strict implementation of the COVID-19 social distancing measures. The data revealed that the contactless payments in the Nordic region have increased by 12 percentage points. According to Nets, the first four months of 2019 saw a five percentage point rise in contactless transactions from 40% to 45% in Denmark, Norway and Sweden. Meanwhile, 2020 saw a 12 percentage point increase, from 57% to 69%.

The company also announced that GIRO has gone live with former’s technology RealTime24/7 and has launched its instant payments platform in Hungary.

“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,” says Enny van de Velden, Chair of the Board, CCO at CCV Group B.V.