MUNICH | Wirecard Group is continuing its expansion into the Asian ecommerce market and has acquired all shares in Jakarta headquartered payment service provider PT Aprisma Indonesia. PT Aprisma Indonesia was established in 2000 and employs approximately 250 staff. The Company will be sold by its founder and owner who will remain in the management team.
PT Aprisma Indonesia
The purchase price, payable in connection with this transaction including the assumption of liabilities, amounts in total to EUR 73.8 million. In addition, two earn out-components of up to approx. EUR 14.7 million have been agreed, which are, dependent on the operational profit of the acquired company in the years 2014 to 2015.
It is expected that the acquisition will contribute an amount of approx. EUR 6.5 million to the consolidated operational earnings before interest, taxes, depreciation and amortization (EBITDA) of Wirecard Group in the fiscal year 2014. One-off cost for integration will presumably amount to approx. Euro 1.0 million. The closing of the transaction can be expected in the first quarter of 2014, subject to the approval of the relevant authorities in Indonesia.
Indonesian Leading Payment Service Provider
With its software solutions, based on Service-Oriented-Architecture (SOA), PT Aprisma is one of the leading payment service providers in the region. The client portfolio consists of the 20 leading banks and telecommunication companies in Indonesia as well as clients in Malaysia, Singapore and Thailand. The transaction-based software platform provides solutions in the field of online- and mobile banking, mobile tokenization tools to protect mobile and online transactions, furthermore B2B and B2C-oriented online payment.
Strategically Wirecard is planning to internationalize these value added services throughout Asia and to adopt in particular the mobile applications as value added services for the European market.
Contact: Iris Stöckl, VP Corp.Com./IR, tel.: +49 (0)89-4424-1424, e-mail: email@example.com, https://www.wirecard.com.