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Ingenico Group announces the closing of Bambora's acquisition

Tuesday 21 November 2017 | 12:46 PM CET

Ingenico Group has announced the closing of Bambora’s acquisition, after obtaining approval from the relevant regulatory and antitrust authorities.

The acquisition of this fast-growing player in payment services represents a key milestone in Ingenico Group’s strategy as it enables the group to accelerate the development of its Retail division through a direct-to-SMB channel in the Nordic countries and to deploy the successful model of Bambora in new markets.

More than that, the new acquisition will enhance the full-service offer with a platform which will bring flexibility and speed in the boarding of new merchants, claims the company, not to mention the extension of geographical exposure both online and in-store.

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