orderbird will benefit from the position of Nets / Nexi Group as the leading European PayTech company

Nets acquires Germany-based POS vendor orderbird. Source: nets.eu

Nets, a part of the leading European PayTech Nexi Group, has announced the acquisition of orderbird, a leading provider of cloud-based POS systems with integrated payment systems in Europe.

They aim to strengthen orderbird’s offering of integrated payment services to customers in the hospitality industry and to accelerate orderbird’s international growth.

Nets was a long-standing partner and shareholder in orderbird through its German-based digital payment provider Concardis.

The current transaction follows Nets increasing its stake in orderbird in late 2021. The orderbird brand will remain and the company will continue to operate as a separate business unit within Nexi.

In fact, with its many years of experience and broad footprint, Nets / Nexi Group can actively support orderbird in the payment business and help it enter the next phase of its corporate development. Customers, in turn, can look forward to the further optimization of existing payment service offerings and thus an even better customer experience.

The orderbird management team will remain in place after the change in ownership.

Nets / Nexi Group, in turn, will benefit from orderbird’s leading expertise in digitally reaching and enabling small and medium-sized businesses coupled with the company’s extensive experience in developing vertically integrated, customer focused SaaS solutions.

This transaction further strengthens Nexi’s suite of propositions and furthers its participation in the broader hospitality value chain.

We’ve reported that BridgerPay launches the world’s first self-onboarding payment operations platform after $6M seed round.

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