PRN: Wirecard Acquires Portfolio of Well-Known Customers
Wirecard Acquires Portfolio of Well-Known Customers
MUNICH, April 16, 2012 /PRNewswire/ --
On April 1, 2012, Wirecard Technologies AG, a Wirecard Group company, acquired material assets from NETRADA Payment GmbH, with its registered office in Mainz, Germany. This includes customer agreements for payment and risk management services for international online shops for well-known premium fashion industry brands. In addition, as a preferred partner for NETRADA, in future Wirecard will provide payment services for select NETRADA customers, including GÃ¶rtz, Lacoste and Puma.
A cash purchase price in the low single digit million euro range has been agreed. This is due for payment in the second quarter of 2012. Wirecard AG is anticipating a positive contribution to earnings in the current fiscal year.
In addition, a multi-year strategic alliance agreement has been concluded with the NETRADA Group for cooperation for payment and risk management services. As a global eCommerce service provider, NETRADA develops and realizes end-to-end eCommerce solutions for well-known fashion and lifestyle brands.
This acquisition and the agreed strategic alliance has reinforced Wirecard AG's position as a payment service provider for branded goods manufacturers in the fashion and textiles industry, which is currently one of the fastest growing eCommerce market segments.
Wirecard has an international presence with locally networked units, and provides multinational card and payment acceptance agreements. Both locally and globally relevant payment methods are available via the Wirecard platform.
In addition to the focus on eCommerce for mail order and multi-channel commerce, many customers from the tourism, digital goods, telecommunications and financial services sector trust the Wirecard Group's solutions.
Wirecard media contacts:
Wirecard AG is one of the leading international providers of electronic payment and risk management solutions. Â Worldwide, the Wirecard Group supports over 12,000 companies from a wide range of industry segments in automating their payment processes and minimizing cases of default Wirecard Bank AG is a Principal Member of Visa, MasterCard and JCB and operates as a credit card acquirer in 69 countries around the world, involving over 100 transaction currencies and 18 payout currencies. Â Part of the Wirecard Group, Wirecard Bank provides innovative solutions in the fields of corporate banking, prepaid and co-branded cards, along with account products for both business and private customers. Â Â
Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI).
http://www.wirecard.com | Â http://www.wirecardbank.com Â | Â http://www.mywirecard.com
NETRADA develops and realizes international full-service eCommerce solutions in Europe, North America and Asia for the Fashion & Lifestyle industry. It has around 15 years' experience and more than 2,500 employees, and NETRADA has established itself as a leading fashion eCommerce expert. It operates more than 70 national online shops as an exclusive partner for well-known brands. NETRADA's range of services spans the entire eCommerce process chain: implementation and operation of the online shop, content management, product photography, online marketing, logistics and shipping with management of returns as well as payment and accounting and also customer services.
Wirecard AG Iris StÃ¶ckl Einsteinring 35 D-85609 Aschheim Phone: +49-(0)89-4424-1424 Fax: +49-(0)89-4424-2424 E-mail: email@example.com Internet: http://www.wirecard.de
Company Codes: Bloomberg:WDI@GR, RICS:WDIG, RICS:WDIG.F, ISIN:DE0007472060