18 August 2017
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SIX Payment Services takes over the acquiring and terminal business of Aduno Group

10 August 2017  |  4404 views  |  0 Source: SIX

SIX Payment Services Ltd is purchasing from Aduno Group the business unit Aduno SA, responsible for acquiring and terminal business (card acceptance and processing).

By so doing, SIX is underscoring its aim of driving forward its growth and consolidating its position over the long term as the leading provider of card-based payment services in Switzerland and Europe. The sale of Aduno SA to SIX has been completed. The parties have agreed not to disclose the purchase price.

The transaction gives rise to a reinforced provider of European acquiring and terminal services. The economies of scale emerging from this merger ensure that merchants in Switzerland and across Europe are offered premier services at attractive conditions. The customers of Aduno SA also receive the opportunity of bundling their domestic and foreign activities at SIX and of benefiting from its products and services. It further ensures that the acquiring business, which is important for the economy, is provided by a local service provider and Swiss customers are supported by a Swiss service provider in their country language.

Nothing will change for the time being for the customers of Aduno SA, nor will there be any changes to services or contact partners.

Martin Huldi, Chief Executive Officer of Aduno Group: "We are confident that the sale of our acquiring / terminal business to SIX Payment Services is a good solution for the industry. SIX is an experienced and established company and the right owner to ensure the successful further development of the acquiring / terminal business."

Dr Urs Rüegsegger, Group CEO SIX: "Our Swiss domestic market is of enormous importance for SIX as the Swiss financial infrastructure provider and is attributed major significance. I am delighted that we can now provide Aduno SA customers with access to the innovative services of SIX Payment Service and to its stable and reliable infrastructure."

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