Nets buys all of orderbird’s shares

NetsPart of the top European PayTech companies Nexi Group,Acquired FullGerman-based companies can own orderbirdPOS-software solution provider for Europe’s hospitality sector. NetsWas a shareholder and long-standing partner in orderbirdvia its German-based digital payments provider Concardis. This is the current transaction NetsIts growth stakeIn orderbirdIn late 2021, and completion of this FullIts acquisition of the hotel vertical further strengthens its merchant service proposition in a region it leads in. NetsConcardis merchant service. The orderbirdBrand will be retained and the company will operate as an independent business unit within Nexi.

orderbirdSaaS solutions for independent restaurateurs, as well as complementary services, are available in France, Austria and Switzerland. Its integrated software solutions help hospitality merchants operate their businesses more efficiently by streamlining their dockets and mobile ordering processes while encompassing reservations and menu management, data insights into all business metrics and financially compliant data exports and digital payment capabilities — all on a cloud-native infrastructure.

Robert Hoffman, CEO NetsConcardis and Merchant Services, both: “Together with orderbirdWe are demonstrating our commitment to the integrated market for software and further improving our offerings to hospitality clients. We want to make sure that European businesses can benefit from rapid digitisation in payments through solutions such as orderbird’s vertically-focused SaaS platform, which enhances the customer experience while enabling merchants to run their business more efficiently. We’re proud to welcome orderbird fully into the Nexi family as it continues to raise the bar in meeting the evolving needs of restaurants and neighbourhood businesses across Europe.”

The orderbirdThe management team will keep their current roles and continue to lead the company. Mark Schoen is the CEOI look forward to strengthened relations becoming a part the NetsNexi Group and potential prospects for the Company:

“Making neighborhood businesses more successful is what orderbirdThis is what it’s all about. Our customers thrive because they have access to the same benefits from digitisation that their larger competitors. We share Nets / Nexi’s belief in delivering leading-edge solutions to customers in today’s rapidly evolving environment and look forward to broadening our business presence together in Europe.”

“We are very pleased to have Nets / Nexi Group as a partner on our side,” Jakob Schreyer is the founder and Chief Strategy Officer at orderbird. “Especially in view of the accelerating trend towards seamless vertical payment and banking software solutions, this is a landmark deal. It was especially important for us to have the ability to continue this partnership. orderbird‘s total focus on enhancing our leading propositions and meeting the needs of our customers. This will enable us to concentrate on our next goal: expanding vertical software payment capabilities, and establishing orderbird as a force to be reckoned with in the payment services sector.”

You can close the transaction by following these steps NetsNexi will have 100 percent. OrderbirdWith aggregate cash out at ca. EUR 100 Million, including previous share purchase.