AUSTRIACARD / NITECREST 2021
AUSTRIACARD acquired NITECREST on December 23, 2021.
- Target
- NITECREST
- Acquirer
- AUSTRIACARD
- Announced
- December 23, 2021
- Sub-sector
- Card Issuing
Transaction overview
- AUSTRIACARD announced the acquisition of NITECREST on December 23, 2021.
- The deal is expected to close pending customary conditions.
Strategic rationale
AUSTRIACARD acquires NITECREST to expand card issuing capabilities and fintech services globally, combining complementary offerings in payment cards and personalization.
Deal terms & multiples
Frequently asked questions
When did AUSTRIACARD announce the acquisition of NITECREST?
AUSTRIACARD announced the acquisition of NITECREST on December 23, 2021.
What sub-sector is NITECREST in?
NITECREST is tracked in the Card Issuing sub-sector.
Sources
- thediplomat.ro /2021/12/23/austriacard-tag-systems-and-nitecrest-to-deliver-the-next-generation-of-payment-cards-and-services-globally/