Ingenico has acquired Italian payment terminals service provider
TNET.

Ingenico’s executive vice president SEPA-Europe Region,
Pierre-Antoine Vacheron said that the “acquisition of TNET reflects
our strategy aimed at strengthening our technical services
activity”.

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In an official statement, Ingenico said that the reinforcement
of its positioning in the Italian market would make it the “largest
independent company for POS-related services.”

Vacheron added : “[The acquisition] will further develop our
offer with improved technical services for our customers and a
corresponding managed based of close to 300.000 terminals in
Italy”.

TNET was founded in 1998 and provides on-site services to the
e-payments market, managing 45,000 terminals.

The company has recently signed new contracts and expects the
number of terminals to rise to 50,000 in the next few months.

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Ingenico is predominantly present in the banking, lotalty,
petrol and retail market in Italy.