Giesecke+Devrient Steps Up Stake Ownership in Netcetera to 95%

Switzerland

News / Switzerland 60 Views 0

Giesecke+Devrient Steps Up Stake Ownership in Netcetera to 95%

Switzerland

News / Switzerland 60 Views 0

Giesecke+Devrient (G+D), headquartered in Munich, has increased its ownership in the software firm Netcetera to 95%. This move, completed in January 2024, marks a strategic enhancement of G+D‘s offerings in digital payment and banking solutions.

Building on its initial announcement in December 2022 to double its stake in Netcetera from 30% to 60%, G+D has been steadily expanding its ownership in the company.

This move aligns with G+D’s ongoing strategy to invest in innovative digital technologies, aiming to strengthen its footprint in the digital finance sector.

Startup Competition venture

Netcetera, known for its extensive suite of digital products and services for financial platforms, provides a range of solutions including web and mobile banking, financial advising, digital wallets, e-commerce, and services for commercial banks and financial service providers.

Netcetera’s digital offerings complements and supplements G+D’s product portfolio in the financial platforms business.

Ralf Wintergerst

Ralf Wintergerst

“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.”

said Ralf Wintergerst, Group CEO of Giesecke+Devrient.

Carsten Wengel

Carsten Wengel

“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 and 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,”

adds Carsten Wengel, CEO of Netcetera.

This article first appeared on fintechnews.sg

Featured image credit: Ralf Wintergerst, Group CEO of Giesecke+Devrient and Carsten Wengel, CEO of Netcetera.  Edited from Freepik

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