Posted on 04/16/2012 at 10:33
Wirecard acquires portfolio of well-known customers
Wirecard Technologies AG, a Wirecard Group company, acquired material assets from NETRADA Payment GmbH, with its registered office in Mainz, Germany.
Wirecard Technologies AG, a Wirecard Group company, acquired material assets from NETRADA Payment GmbH, with its registered office in Mainz, Germany. This includes customer agreements for payment and risk management services for international online shops for well-known premium fashion industry brands. In addition, as a preferred partner for NETRADA, in future Wirecard will provide payment services for select NETRADA customers, including Görtz, Lacoste and Puma.
A cash purchase price in the low single digit million euro range has been agreed. This is due for payment in the second quarter of 2012. Wirecard AG is anticipating a positive contribution to earnings in the current fiscal year.
In addition, a multi-year strategic alliance agreement has been concluded with the NETRADA Group for cooperation for payment and risk management services. As a global eCommerce service provider, NETRADA develops and realizes end-to-end eCommerce solutions for well-known fashion and lifestyle brands.
This acquisition and the agreed strategic alliance has reinforced Wirecard AG’s position as a payment service provider for branded goods manufacturers in the fashion and textiles industry, which is currently one of the fastest growing eCommerce market segments.
Wirecard has an international presence with locally networked units, and provides multinational card and payment acceptance agreements. Both locally and globally relevant payment methods are available via the Wirecard platform.
In addition to the focus on eCommerce for mail order and multi-channel commerce, many customers from the tourism, digital goods, telecommunications and financial services sector trust the Wirecard Group’s solutions.