Nordic Capital Fund VIII is to acquire Euroline, a provider of card acquiring solutions with a strong market position in eCommerce.
Euroline is a provider of quick and secure card acquiring solutions in Scandinavia with a strong market position in eCommerce and Nordic retail.
Euroline has built a portfolio of services that include simplification of payment processes, multi-currency support and risk management support. The company is based in Stockholm, Sweden, and handled volumes of SEK100 billion in 2013.
“Euroline offers businesses a simple and secure infrastructure for card transactions both online and in stores. Nordic Capital’s intention is to support Euroline’s further growth through the development of market leading local tailored services and to expand into new markets,” says Fredrik Näslund, partner, NC Advisory AB, advisor to the Nordic Capital Funds.
"I look forward to continuing to develop Euroline together with Nordic Capital. Our joint vision is to make Euroline one of the most innovative and growth-focused payment companies. This will enable us to respond to our customers' needs for advanced payment services. For our employees, Euroline will provide an interesting and stimulating environment with great opportunities for further development," says Johan Ryer, CEO, Euroline.
The acquisition is subject to approval by the relevant authorities and obtaining necessary permits.
