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August 10, 2017

SIX Payment acquires Aduno’s acquiring and terminal business

By Shruti T

SIX Payment Services has acquired Aduno SA, the acquiring and terminal business unit of Aduno Group.

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The sale has been completed however both parties refused to disclose the deal value.

SIX said that the deal is part of its strategy to consolidate its position as the major provider of card-based payment services in Switzerland and Europe.

“The economies of scale emerging from this merger ensure that merchants in Switzerland and across Europe are offered premier services at attractive conditions. The customers of Aduno SA also receive the opportunity of bundling their domestic and foreign activities at SIX and of benefiting from its products and services,” SIX said in its press statement.

SIX group CEO Urs Rüegsegger said: “Our Swiss domestic market is of enormous importance for SIX as the Swiss financial infrastructure provider and is attributed major significance. I am delighted that we can now provide Aduno SA customers with access to the innovative services of SIX Payment Service and to its stable and reliable infrastructure.”

Aduno Group CEO Martin Huldi said: “We are confident that the sale of our acquiring / terminal business to SIX Payment Services is a good solution for the industry. SIX is an experienced and established company and the right owner to ensure the successful further development of the acquiring / terminal business.”

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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