INGENICO GROUP has completed its acquisition of Nera Payment Solutions Pte. Ltd
OREANDA-NEWS. Ingenico Group (Euronext: FR0000125346 - ING), the global leader in seamless payment, announced today that it has completed its acquisition of Nera Payment Solutions Pte. Ltd, a subsidiary of Nera Telecommunications Ltd, a company listed on the Singapore stock exchange (SGX: N01).
This acquisition will give to Ingenico Group a more extensive portfolio of payment applications and the expanded distribution and service network it needs for swift deployment of its entire product range in Southeast Asia.
About Ingenico Group
Ingenico Group (Euronext: FR0000125346 - ING) is the global leader in seamless payment, providing smart, trusted and secure solutions to empower commerce across all channels, in-store, online and mobile. With the world's largest payment acceptance network, we deliver secure payment solutions with a local, national and international scope. We are the trusted world-class partner for financial institutions and retailers, from small merchants to several of the world's best known global brands. Our solutions enable merchants to simplify payment and deliver their brand promise.
About Nera Telecommunications Ltd
Nera Telecommunication Ltd (SGX: N01) has over 37 years' experience designing communication solutions and telecommunications infrastructure. Headquartered in Singapore, it has a global presence spanning 17 countries in SE Asia, Middle East and Africa. With revenue of approximately S$182 million in 2015, the company operates in two business segments:
Nera provides wireless infrastructure networks, end-to-end solutions and services in the wireless space to service providers, ISPs, broadcasters, enterprises, government organizations, offshore and utilities. Nera's portfolio covers in-building solutions, outdoor coverage enhancement, RF access network optimization, benchmarking, 3G/ LTE base stations, licensed and unlicensed point-to-point and point-to-multi-point microwave.
2. Infocommunications (comprises two business areas)
. Network Infrastructure: Nera provides high-performance solutions for IP networks, digital TV broadcast networks and carrier-grade optical networks to service providers, mobile carriers, broadcasters, enterprises, government, and transport and utility companies.