- Nets acquires Finnish software developer Poplatek Oy (“Poplatek”) and payment terminal service provider Poplatek Payments Oy (“Poplapay”) to boost its payment terminal service capabilities
- The addition of the tech competencies from both companies will further strengthen Nets’ ability to provide best-in-class payment acceptance solutions to merchants across Europe
Today, Nets, a leader in the payments industry, announces its acquisition of Finnish software developer Poplatek, together with its spin-off company Poplapay that provides payment terminal services in Finland. The acquisitions will further strengthen Nets’ group-wide payment application capabilities and offerings within payment terminal services.
CEO of Merchant Services at Nets, Robert Hoffmann, says: “Our ambition is to become a pan-European payments champion. Poplatek is an agile and high performing tech company, and Poplapay has solid capabilities within payment terminal services. Together, they will help us increase our flexibility to better accommodate different customer needs across Europe and provide best-in-class payment acceptance solutions, also going forward.”
CEO of Poplatek, Mikko Virtanen, says: “Becoming part of a leading pan-European industry player like Nets is very exciting for us. We look forward to taking part in the European journey that Nets has embarked on and bringing our skilled teams together to develop solutions for the benefit of merchants across Europe.”
CEO of Poplapay, Petri Ahti, says: “We are thrilled about the opportunity to take our service capabilities to the international playground. Becoming part of the Nets family paves the way for us to increase our market reach and gives us resources to further improve our services for existing customers as well as accelerating development of new services designed to fulfil the demands of European customers.”
Poplatek and Poplapay employ around 40 people in total and have a combined annual revenue of around €5m. The acquisitions were completed on 8 January 2020.
About the Nets Group
At Nets, we see easier products and solutions as the foundation for growth and progress – both in commerce and society. With headquarters in Copenhagen, Denmark, and more than 4,000 employees located across Europe, we help financial institutions, businesses and merchants across Europe make tomorrow a little easier for their customers while delivering unrivalled security and stability. Powering payment solutions for an easier tomorrow.
About Poplatek & Poplapay
Poplatek Oy is a Finnish company that specializes in software development, cloud services and payment solutions. Together with clients, we develop seamless tech solutions that create new business opportunities by making everyday living, working and payments less complicated. In 2015, the payment terminal services demerged into a separate company, now called Poplapay.
Concardis is a leading provider of digital payment solutions with 1,100 employees and more than 116,000 customers in Germany, Austria and Switzerland as well as south-eastern Europe. As part of the Nets Group, a leading payment provider in northern Europe, we are working towards the future of payment. We enable merchants, service providers and financial institutes to take advantage of the digitisation of payment and business processes. Whether seamless payment at stationary points of sale, flexibly adaptable solutions for e- and m-commerce or additional services with true added value: our innovative products and services reduce complexity, make paying simple and thus improve the customer experience.
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