Equens has acquired Commerzbank’s montrada business, a German
card and network service provider.

Montrada operates as an independent card-services enterprise
offering a complete service package for cashless payments. This
ranges from consultancy to selecting the ideal payment method, to
providing on-site terminal installations and customer support.

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Equens and Commerzbank have also entered an extensive
cooperation agreement as part of the deal.

The transfer will be finalised within the next few weeks, after
which montrada will become a wholly owned subsidiary of Equens,
further expanding the company’s presence in the European cards
market.

The agreement is demonstrative of Equens’ goal to grow its
transaction volumes and develop further growth opportunities as
part of a strategy to become one of the largest payment and card
processors in Europe.

“The acquisition of montrada is a very important strategic step
for us in further expanding our card activities and services in
Europe,” said Michael Steinbach, Chairman of the Equens board of
directors.

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“Montrada’s strong presence in the German cards market, combined
with their highly skilled employees and the extensive cooperation
agreement with Commerzbank, will allow us to take advantage of the
enormous opportunities in the cards market in Germany and
abroad.

Equens offers pan-European market coverage from offices in four
countries – the Netherlands, Germany, Italy and Finland – and has
an annual processing volume of around 9.4 billion payments.