First Data to invest $18 million in German operations

01 June 2012 | 2297 views | 0 Source: First Data

First Data Corporation, a global leader in electronic commerce and payment processing and owner of First Data Deutschland and TeleCash GmbH & Co. KG, has signalled its commitment to the German market by securing long-term leases at its Bad Vilbel and Nuremberg facilities and announcing plans for several major IT infrastructure investments.

Yesterday the company finalised lease negotiations on its premises in Bad Vilbel, (near Frankfurt) Germany, which will secure its stay in the building until at least 2017. Bad Vilbel will remain the hub for the company's German business. First Data also confirmed the extension of its lease, to at least end 2017, at its premises in Nuremberg, from which mainly operational services are being provided. In 2012 alone, First Data plans to invest more than $18 million in new hardware and network components at the two sites to benefit its German businesses and clients served out of Germany.

Wolfgang Heinrich, managing director of First Data in Germany, comments, "First Data has a long history of payment processing in Germany and is committed to serving customers through a local presence. The extension of leases on our premises in Bad Vilbel and Nuremberg, together with the planned investments in IT infrastructure at these sites, underline this commitment. With our extensive, award-winning range of products, we look forward to actively shaping the future of the European payments market."