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Giesecke+Devrient expands stake in Netcetera to 95%
Wed, 7th Feb 2024

Munich-based security technology organisation Giesecke+Devrient (G+D) has raised its stake in software corporation Netcetera to 95%. Executed this January, the acquisition highlights G+D's growth strategy in the arena of digital banking and payments by expanding its financial platforms business.

The move amplifies G+D's digital portfolio, particularly in the elements of digital banking and digital payments. G+D also affirms prospective strategic investments in innovative digital technologies and solutions, further cementing its future growth ambitions within the sector.

Netcetera develops and deploys a vast digital product range and service portfolio for financial platforms. It provides solutions for web banking, mobile banking, financial advisory services, digital wallets and e-commerce, along with service offerings for commercial banks, merchants and financial service providers. In effect, Netcetera's digital services aptly supplement and enhance G+D's product suite in the financial platforms business.

There has been a notable convergence between physical and digital payment experiences with an increasing demand for streamlined financial transactions that offer total control over personal data. As a reputable name in payment cards and digital payment solutions, G+D integrates safe payment tech and reliable software solutions. Its extensive portfolio makes G+D a "one-stop shop" for providing financial services across global markets.

Ralf Wintergerst, the Group CEO of G+D, emphasised the company's strategic focus on digital banking and payments as key markets for continued growth. He highlighted the importance of acquisitions, investments, and partnerships in driving this growth trajectory, both presently and in the foreseeable future.

Ralf Wintergerst said: "Digital banking and payments are strategic target markets in which we will continue to grow. Acquisitions, investments and partnerships play a key role in this, both now and in the future. Our investment in Netcetera underlines this goal and is a good example of the way in which G+D is successfully implementing its growth strategy and digital transformation."

Carsten Wengel, CEO of Netcetera, expressed satisfaction with Netcetera's integration into the G+D Group, highlighting the advantages of leveraging G+D's global presence. With Netcetera's established leadership in software solutions in the DACH region (Germany, Austria, and Switzerland), Wengel emphasised the reinforcement of G+D's digital portfolio.

Carsten Wengel added: "We are pleased to be part of the G+D Group and to benefit from its global presence. As the market leader for software solutions in the DACH region, we are excellently positioned to strengthen G+D's digital portfolio. We will continue to expand our leading role internationally and continue to provide our customers with innovative and scalable digital solutions in the future."

In revitalising its corporate strategy, this latest stake increase in Netcetera by G+D represents a robust commitment to bolstering its presence in digital banking and payment markets via strategic acquisitions, forming a key component in the company's growth strategy and progressive digital evolution.