Aduno Group divests Acquiring/Terminal segment of Aduno SA to SIX Payment Services AG
The Aduno Group has divested the Acquiring/Terminal segment of Aduno SA in Bedano (TI), to SIX Payment Services AG. The purchase agreement for all shares of Aduno SA was completed between Viseca Card Services SA (a subsidiary of Aduno Holding AG) and SIX Payment Services AG.
The Acquiring/Terminal segment of Aduno SA ensures that customers of Aduno SA’s contract partners can easily and securely pay with all major credit and debit cards (such as Mastercard, Maestro, Visa, Visa Electron, V PAY or UnionPay). Card acceptance and processing takes place at all sales points, be it online or physically at the point of sale. To this end, physical payment terminals are made available as well as the interface to the payment service provider (PSP) for online shops.
As a part of the Payment division, the Acquiring/Terminal segment of Aduno SA generated a merchant sales volume of CHF 8.2 billion and an operating income of CHF 97.5 million with a workforce of about 240 employees as at the end of 2016. As a functional organisation, the Aduno Group used central services, such as IT and call centre services, from Aduno SA. These business areas with 113 employees will be transferred back to the Aduno Group in connection with the sale of Aduno SA to Viseca Card Services SA and will continue to operate within the Aduno Group. Upon completion of the purchase agreement, all of the shares in Aduno SA were transferred from Viseca Card Services SA to SIX Payment Services AG. It was agreed that the purchase price should be treated as confidential.
Aduno Group and Viseca Card Services SA have been advised by Baker McKenzie, Zurich. The team of Baker McKenzie has been led by Dr Beat M Barthold, partner M&A, and consisted of Pascal Richard, partner M&A and Corporate, Boris Wenger, partner Antitrust and Competition, Ansgar Schott, partner Banking & Finance, Tobias Rohner, partner Tax, Dr Markus Winkler, associate Corporate and M&A, and Linda Kubli, associate Antitrust and Competition.