Unicredit Business Integrated Solutions (UBIS) and SIA inked a €500 million deal. UBIS also signed with SIA a ten-year outsourcing contract for the supply of processing services for transactions made using debit, credit and prepaid cards, and for the management of POS and ATM terminals.
The deal involves the processing activities of around 13.5 million payment cards and the management of 206,000 POS terminals and 12,000 ATMs in Italy, Germany and Austria.
For SIA this acquisition represents the continuation along the path of growth: thanks to this operation, revenues increase by over 20%.
Thanks to this agreement, in the e-money sector, SIA’s pro-forma 2015 figures indicate an increase in card payment transactions from around 4 billion to over 5 billion.
SIA called upon the assistance of Studio Chiomenti as legal consultant, Studio Tremonti for the fiscal aspects and Ernst & Young as financial advisor.
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