SIX Payment Services Ltd is purchasing from Aduno Group the business unit Aduno SA, responsible for acquiring and terminal business (card acceptance and processing). By so doing, SIX is underscoring its aim of driving forward its growth and consolidating its position over the long term as the leading provider of card-based payment services in Switzerland and Europe. The sale of Aduno SA to SIX has been completed. The parties have agreed not to disclose the purchase price.
The transaction gives rise to a reinforced provider of European acquiring and terminal services. The economies of scale emerging from this merger ensure that merchants in Switzerland and across Europe are offered premier services at attractive conditions. The customers of Aduno SA also receive the opportunity of bundling their domestic and foreign activities at SIX and of benefiting from its products and services. It further ensures that the acquiring business, which is important for the economy, is provided by a local service provider and Swiss customers are supported by a Swiss service provider in their country language.
Nothing will change for the time being for the customers of Aduno SA, nor will there be any changes to services or contact partners.
Martin Huldi, Chief Executive Officer of Aduno Group: "We are confident that the sale of our acquiring / terminal business to SIX Payment Services is a good solution for the industry. SIX is an experienced and established company and the right owner to ensure the successful further development of the acquiring / terminal business."
Dr Urs Rüegsegger, Group CEO SIX: "Our Swiss domestic market is of enormous importance for SIX as the Swiss financial infrastructure provider and is attributed major significance. I am delighted that we can now provide Aduno SA customers with access to the innovative services of SIX Payment Service and to its stable and reliable infrastructure."
Aduno Group – the smart way to pay. The Aduno Group offers products and services for cashless payment: from card issuing activities (Viseca Card Services SA) to personal loans and leasing (cashgate AG) to deposit guarantees (AdunoKaution AG and SmartCaution SA). As a leading company for private and business clients, the Aduno Group is a fair and transparent partner. The Aduno Group is wholly owned by the largest Swiss retail and cantonal banks (Raiffeisen Group, all the cantonal banks, Migros Bank, Bank Cler and a number of commercial and private banks).
SIX operates the infrastructure underpinning the Swiss financial sector and offers a comprehensive range of services around the world in the fields of securities trading and settlement, financial information and payment transactions. The company is owned by its users (approximately 130 banks of various orientation and size). Its workforce of over 4,000 employees and presence in 25 countries throughout the world generated operating income of CHF 1.8 billion and a Group net profit of CHF 221.1 million in 2016.
Alantra AG, Zurich, and Schellenberg Wittmer Ltd, Zurich, acted as exclusive financial and legal advisor, respectively for SIX.