Paris : ING

August 29, 2011 01:17 ET

Ingenico acquires TNET to expand its technical services coverage in Italy

NEUILLY-SUR-SEINE, FRANCE--(Marketwire - Aug 29, 2011) - Ingenico (Euronext : FR0000125346 - ING), leading worldwide provider of payment solutions, today announces the acquisition of 100% of TNET Centro Servizi Monetici Srl (TNET), an Italian company specialized in technical services for payment terminals. Through this transaction, Ingenico reinforces its positioning on the Italian market, notably with banking, loyalty, petrol and retail. Ingenico Italia will thus become the largest independent company for POS related services.

TNET, founded in 1998, has been one of the first independent companies to provide on-site services to the electronic payment market. TNET manages an installed base of 45.000 terminals in Italy, and the number will reach 50.000 terminals within the coming months thanks to new contracts already signed.

Luciano Cavazzana, Managing Director of Ingenico Italia, will head the new entity, which will be integrated in the Operations department of Ingenico Italia. The terms of the transaction were not disclosed. "The acquisition of TNET reflects our strategy aimed at strengthening our technical services activity", commented Pierre-Antoine Vacheron, EVP Sepa- Europe Region Ingenico, "It will further develop our offer with improved technical services for our customers and a corresponding managed based of close to 300.000 terminals in Italy".

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About Ingenico (Euronext: FR0000125346 - ING)

Ingenico is a leading provider of payment solutions, with over 15 million terminals deployed in more than 125 countries. Its 3,000 employees worldwide support retailers, banks and service providers to optimize and secure their electronic payments solutions, develop their offer of services and increase their point of sales revenue. More information on


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