Ingenico acquires payments arm of Indonesia's PT Integra
07 November 2012 | 1589 views | 0
Ingenico (Euronext : FR0000125346 - ING), leading worldwide provider of payment solutions, today announces the acquisition of the payment solutions activity of PT Integra Pratama (PT Integra), one of the leading players in the fast growing market of Indonesia.
The transaction concerns the Point of Sale (PoS) activity of PT Integra and PT Integrasi Service Mandiri (ISM).
This acquisition will boost Ingenico's presence in a particularly dynamic market where the Group has a direct local presence with Bank Mandiri and has been addressing all financial institutions indirectly through PT Integra.
Over the last ten years, PT Integra has built a strong position in payment services in Indonesia, the largest market in South East Asia with an installed base of close to 500.000 Point of Sales terminals. The acquired activities fully cover POS terminal services, including a mix of terminal sale and rental, field and maintenance services. PT Integra operates from new offices in Jakarta and 3 new regional offices for field services with 110 professionals and the two founders joining Ingenico to develop the business locally through their strong knowledge of the market.
The transaction is subject to approval of local authorities.
This acquisition is a major step in reinforcing our presence in South East Asia," stated Patrice Le Marre, EVP, Ingenico Asia, "This enable us to accelerate our direct local presence in Indonesia, one of the most promising market, and to leverage this large installed terminal base to deploy our hardware offering along with field and maintenance services, thus increasing our recurring business. Furthermore, the increased local presence in Indonesia is also the opportunity to develop our mobile payment solutions".