HPE Growth Capital invests in AEVI
Helping AEVI to grow in a dynamic market(PresseBox) (Paderborn/Amsterdam, )
AEVI had been carved out of the Wincor Nixdorf group at the start of the financial year (October 1) in a move which saw it position itself as an independent company with the aim of becoming a global leader in the dynamic market for cashless payment solutions. Prior to becoming an autonomous operation, AEVI had generated annual revenue of around EUR 50 million.
The capital increase is to be used primarily to further accelerate AEVI’s strong growth and to expand its global presence. “With HPE, we are delighted to have found an investor for AEVI that has a wealth of expertise in global payments. We are convinced that AEVI will profit from its shareholders Wincor Nixdorf, a global leader in cash-related payments, and HPE. We want to promote internationalization, intensify our sales and marketing activities, and invest in other innovations in payments and the B2B apps marketplace,” explained Eckard Heidloff, President and CEO of Wincor Nixdorf.
Tim van Delden, Partner & Chief Investment Officer of HPE commented as follows: “AEVI has the clear potential to become a game-changer in the area of global face-to-face payments. Its innovative payments platform combined with the B2B apps marketplace is helping to resolve current inefficiencies in this market.”
In an initial tranche, a capital increase of EUR 20 million was facilitated; however, HPE and its investors have the option of purchasing further shares in AEVI in a second tranche worth up to EUR 10 million. Wincor Nixdorf intends to retain a majority holding in AEVI in the long term, too.
Support in the investment process was provided exclusively by Berenberg Bank.
AEVI has developed a unique open ECO system to bring merchant banks / merchant acquirers closer to their merchants, and merchants closer to their consumers. It provides a global gateway for payment transactions together with a marketplace for high quality value added apps and services (VAAS) providing new business opportunities beyond payments. This enables fast and effective innovation, plus enhanced control and flexibility. This combination delivers a reduced total cost of ownership for our clients.
We work with our customers to help them embrace collaboration and adopt open solutions that have the power to deliver more value and better meet the needs of today’s consumer.
In short we enable businesses to DO MORE.
AEVI | DO MORE
| www.aevi.com |
This document contains forward-looking statements that are based on current estimates and assumptions made by the management of Wincor Nixdorf AG to the best of its knowledge. Such forward-looking statements are subject to risks and uncertainties, the non-occurrence or occurrence of which could cause the actual results - including the financial condition and profitability of Wincor Nixdorf - to differ materially from or be more negative than those expressed or implied by such forward-looking statements. This also applies to the forward-looking estimates and forecasts derived from third-party studies. Consequently, neither the Company nor its management can give any assurance regarding the future accuracy of the opinions set forth in this document or the actual occurrence of the predicted developments.