Announced
Completed
Financials
Tags
Single Bidder
Friendly
Germany
Payments / Commerce
Acquisition
Private
Completed
digital payment solutions
Domestic
Majority
Synopsis
Aareal Bank, a bank, completed the acquisition of CollectAI, a payment solutions provider, from Otto Group, a mail order company. Financial terms were not disclosed. “CollectAI supplements the existing offers of our AEPP payments platform. On top of this, it provides us with the opportunity of exploring new markets and client groups, and for further growth with existing clients from the housing sector and related industries," Lars Ernst, Aareal Bank Managing Director.
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