SIA Buys out Atos Shares in SINSYS

• The Italian SIA has signed an agreement for the acquisition from Atos Worldline of 49% of the share capital of SiNSYS, thus becoming the sole shareholder of the Belgian processor.

• SIA and Atos have also finalised a contract for the provision through SiNSYS of card processing and technology services.

• SIA relies on its European development strategic plan started in 2010 and, as intended, focuses on card payments processing.

Source: Press release

• The Belgium, Italy and Netherlands-based JV SINSYS was created in 2003, and operates in twelve countries (Germany, Austria, Belgium, UK, Hungary, Italy, Netherlands, Poland, Czech republic, Russia, Slovakia and Ukraine); it processes 30 million cards, 700,000 merchants and over one billion international (debit and credit) card transactions each year.

• SIA encompasses technological infrastructures creation and management in the payment sector for financial institutions, companies and administrations. SIA Group is now present in roughly 40 countries and operates through its subsidiaries based in Belgium, Hungary and South Africa.