January 25, 2015 5:45 AM ET

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Company Overview of Nets Holding A/S

Company Overview

Nets Holding A/S provides payments, card, and information services in the Nordic region. It offers payment and information services, including solutions for the processing of payments, invoicing, and documents; processes payment card transactions; and provides merchant solutions, including payment terminals and payment solutions for online and mobile commerce, gift cards, and loyalty cards, as well as other value-added services to small shops, clubs, associations, and national or Nordic chains. The company also offers E-Security solutions, including nationwide ID schemes; and enterprise solutions, such as solutions for international banks and enterprises to help them secure their e-mails, wo...

Lautrupbjerg 10

Ballerup,  2750

Denmark

Founded in 2003

Phone:

45 44 68 44 68

Fax:

45 44 86 09 30

Key Executives for Nets Holding A/S

Group Chief Executive Officer
Interim Chief Financial Officer
Group Executive Vice President of Operation
Group Executive Vice President of Cards
Group Executive Vice President of Infrastructure
Compensation as of Fiscal Year 2014.

Nets Holding A/S Key Developments

Nets Holding AS and Banqsoft Sign Five-Year Agreement with Bank Norwegian

Nets and Banqsoft have entered into an five-year agreement with Bank Norwegian for the development of the bank’s credit card, loan and savings product solutions. According to the agreement, Nets will deliver issuing services, authorization, technical clearing and settlement of card transactions, issuing of PIN-codes, and integration with Visa and MasterCard. Banqsoft will deliver user interface, account functionality and financial authorization. Nets and Banqsoft have combined their complementary services to offer Bank Norwegian an integrated solution. Banqsoft sees clear benefits to cooperating with Nets in the banking sector, and is pleased to have signed the agreement with Bank Norwegian. The agreement is a five-year, and includes a six-month implementation phase. Bank Norwegian looks forward to the cooperation.

Nets Announces Management Changes

Nets announced that Mette Kamsvåg has decided to step down from her position as Group CEO of Nets. She is replaced by Bo Nilsson, who joined Nets in May 2013 as CFO. Bo Nilsson, a Danish national, has a proven track record in senior management positions, building and leading multinational businesses. In 2007, he co-founded Grupo Leya, an international educational publishing business with operations in southern Europe, Brazil and Africa. Stig Poulsen, current Head of Accounting and Finance Operations at Nets, will serve as interim CFO until a permanent replacement is appointed.

New Nets Owners Plan IPO

The consortium consisting of Bain Capital, LLC, The ATP Group and Advent International Corporation that took over Nets Holding A/S are targeting strong growth and an IPO in Denmark or Norway within the next 5-7 years.

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Recent Private Companies Transactions

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Date
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Merger/Acquisition
October 29, 2014
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August 11, 2014
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March 24, 2014
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