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Nets A/S and Concardis Payment Group, a leading merchant payment service provider in the DACH region, have completed the merger of the two companies. Bo Nilsson will lead the combined Group as CEO and Robert Hoffmann will continue as Concardis Group CEO, reporting directly to Bo Nilsson.
The merger creates a business with approximately €500 million of EBITDA and €1.3 billion of net revenue. The resulting industrial scale will enable further investments in innovation and service improvements for customers, allowing the Group to reinforce its leading position in the European payments market.
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