Ingenico acquires TNET to expand its technical services coverage in Italy

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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”.