Nets expands to Poland with Dotpay/eCard acquisition
Nets will bring its payments technology reach into Poland through its $85 million acquisition of Dotpay/eCard.
The deal will add one of the leading online payment providers in Poland to Nets’ expanding operations in Europe, the Copenhagen-based company said Tuesday.
“Dotpay/eCard have performed very strongly in recent years, achieving solid volume and revenue growth,” Nets CEO Bo Nilsson said in a press release. He said that Nets plans to promote Dotpay/eCard’s organic growth and that there may be some consolidation of operations.
Andrzej Budzik, Dotpay/eCard’s CEO, said in the release, “As part of the Nets Group, we will be able to speed up innovation building on our joint capabilities to the benefit of merchants and consumers.”
MCI Capital is currently the majority investor in Dotpay/eCard. The Nets deal, subject to approval by Poland’s regulators, is expected to close in the fourth quarter of this year.