Point International has acquired Commidea, the UK-based card payment processing solution provider.
The acquisition was completed on 10 December. The companies have not disclosed the terms of the transaction.
Headquartered in Stockholm, Sweden, Point is a leading provider of electronic retail payment solutions in northern Europe. "Our companies have similarly successful backgrounds in our respective markets, and customers and locations that are truly complementary, which makes us a perfect match," says Michael Sundin, CEO at Point. "Commidea is an acknowledged technology leader in our field, and its experience in developing technologies such as contactless payment solutions makes the company a welcome and truly valuable addition to our Group."
Latest News
-
UK’s CMA opens investigation into eBay Depop merger
-
M&S announces new franchise partnership in the Philippines
-
ASOS 'planning brick and mortar London store' following pop-up success
-
Tate & Lyle agrees £2.7bn sale to Ingredion
-
Topshop launches Irish website as European expansion continues
-
Asda warehouse automation push ‘set to cut 1,000 jobs’
From CapEx to AI: Understanding the evolving cost structure of retail technology
This Retail Systems webinar, sponsored by Aptos, brings together leading voices from across the retail technology ecosystem to examine how modern PoS has transformed the cost ownership model – and how the emergence of agentic commerce is poised to rewrite the rules once again.
Beyond Channels: Redefining retail with Unified Commerce
This Retail Systems fireside chat with Nikki Baird, Vice President, Strategy & Product at Aptos will explore how unified commerce strategies enable retailers to tear down these barriers and unlock new levels of operational agility and customer satisfaction.
© 2024 Perspective Publishing Privacy & Cookies
Recent Stories