Credit Mutuel-backed exceet Card Group completed the acquisition of Intercard.

Credit Mutuel-backed exceet Card Group, a provider of intelligent card solutions, completed the acquisition of Intercard, a provider of intelligent card solutions. Financial terms were not disclosed. “exceet Card Group is pursuing a focused growth strategy. Intercard – a company that focuses on Switzerland – is an ideal addition to the exceet Card Group’s product and customer portfolio. The successful raising of capital is a clear sign of confidence in exceet Card Group’s strategy, positioning and development up to this point – and all of this at a challenging time due to the COVID-19 crisis. In Crédit Mutuel Equity we have acquired a strong investor with an eye for the long term who supports us in our determination to continue along our chosen path," Ulrich Reutner, exceet Card Group CEO.