The Polish payment solutions provider, Payten, acquired the Czech provider of complex solutions for non-cash payments, Sonet, in a €4 M deal. The acquisition includes 100% shares of Sonet, including its subsidiary in Slovakia. With the acquisition of Sonet, Payten will expand its business to new territories and will strengthen its payment operations in the CEE region. Financial advisors to Sonet in the deal was SORTIS’s partner in the Globalscope M&A advisors network, Venture Investors Corporate Finance.
Sonet was established in 1991 in the Czech Republic and provides complex services to banks, retailers, and other businesses in the area of payment technologies. The company offers installation, service, and implementation of software for payment terminals (POS) from leading global manufacturers. The company operates in the Czech Republic and Slovakia and has a branch located in Hungary as well.
Payten is a Poland-based provider of end-to-end payment industry solutions for financial and non-financial institutions. The company is a member of Asseco South Eastern Europe S.A., leading IT provider in the SEE region in terms of revenue from software sales. Payten provides complete payment solutions supporting card and card-less transactions for eCommerce, mPayments, processing, as well as ATM and POS related services. The company has presence in 14 countries with ca. 1,300 employees.