France-headquartered IT services company Atos has acquired Dutch electronic payments firm Quality Equipment.
The acquisition is part of Atos’ global expansion strategy, and the firm expects to become leader in end-to-end coverage of terminals and merchants services in the Netherlands.
“Atos acquires a company in its core business located in the Benelux where the Group is already working with large customers, and has a leading market position. We will be able to offer value added services with an enriched payment services portfolio to our customers in the Benelux and across Europe,” said Marc-Henri Desportes, Atos executive vice-president of hi-tech transactional services (HTTS).
The deal adds payment systems expertise to Atos’ portfolio in areas such as identification, access management and PIN terminals for various applications.
Atos will integrate Quality Equipment to its HTTS and electronic payments arm, and benefit from Quality Equipement’s high growth rate, which increased its market share for terminal activity by 20% from 2010 to 2011.
“This transaction is fully in line with the strategy of the group to grow its HTTS activities and to strengthen its international position in the payments area,” said Desportes.
The French company, which employs 74,000 employees in 48 countries, said the acquisition will help them build a European competence centre for value added services for merchants.