Nets acquires Finnish software developer Poplatek Oy (“Poplatek”) and payment terminal service provider Poplatek Payments Oy (“Poplapay”) to boost its payment terminal service capabilities. The addition of the tech competencies from both companies will further strengthen Nets’ ability to provide best-in-class payment acceptance solutions to merchants across Europe.
Today, Nets, a leader in the payments industry, announces its acquisition of Finnish software developer Poplatek, together with its spin-off company Poplapay that provides payment terminal services in Finland. The acquisitions will further strengthen Nets’ group-wide payment application capabilities and offerings within payment terminal services.
CEO of Merchant Services at Nets, Robert Hoffmann, says: “Our ambition is to become a pan-European payments champion. Poplatek is an agile and high performing tech company, and Poplapay has solid capabilities within payment terminal services. Together, they will help us increase our flexibility to better accommodate different customer needs across Europe and provide best-in-class payment acceptance solutions, also going forward.”
CEO of Poplatek, Mikko Virtanen, says: “Becoming part of a leading pan-European industry player like Nets is very exciting for us. We look forward to taking part in the European journey that Nets has embarked on and bringing our skilled teams together to develop solutions for the benefit of merchants across Europe.”
CEO of Poplapay, Petri Ahti, says: “We are thrilled about the opportunity to take our service capabilities to the international playground. Becoming part of the Nets family paves the way for us to increase our market reach and gives us resources to further improve our services for existing customers as well as accelerating the development of new services designed to fulfill the demands of European customers.”
Poplatek and Poplapay employ approximately 40 people in total and have combined annual revenue of around €5 million. The acquisitions were completed on 8 January 2020.