Nets completes merger with Concardis Payment Group


Nordic payments firm Nets and merchant payment service provider Concardis Payment Group have announced the completion of the two companies merging.

Bo Nilsson, CEO, Nets says: “By combining our market-leading positions as payment champions in the Nordics and the DACH region, we will be able to accelerate our European expansion and be a driving force behind the ongoing consolidation in the European payments industry.”

After the merger, the combined entity will have a net worth of about €500 million of EBITDA and €1.3 billion in net revenue.

The two brands will be retained for now, as per the decision of the executive arrangement.


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