Equens and ICBPI Group join forces

27-09-2007

Milan - Utrecht, 27 September 2007 - Equens and Seceti – a wholly owned subsidiary of the ICBPI Group in Italy – intend to establish a joint new company under Equens' current holding structure: Equens Italia.

This strategic step will strengthen the European market position of Equens and Seceti and further enhance the efficiency of the European payment processing market. Both companies consider the establishment of a joint new company as a firm foundation for further cooperation and growth. It will enable both parties to reduce their costs for the benefit of their clients. Together, both partners will annually process 8.7 billion payments and switch 3 billion POS and ATM transactions. As a result of the combined volumes they will become the largest pan-European processor in Europe with a market share of 12 percent.