Point acquires Xileo and enters the French market

2010-12-06

Point acquires Xileo and enters the French market The leading European provider of electronic payment solutions continues to expand by entering the French market.

Point International (“Point”) and Xileo Transaction Systems today announced that Point has acquired Xileo, a specialist in electronic payment solutions in France. Point is one of the leading providers of electronic payment solutions in Europe, with local presence in the Nordic, Baltic and UK markets.

The acquisition by Point ensures Xileo´s long-term stability and will strengthen Xileo´s growth and investment capabilities. The acquisition also allows Point to support both existing and new customers, in the French market.

Founded in 1987 and headquartered in Stockholm, Sweden, Point provides a full range of electronic payment solutions in northern Europe, the Baltic States and the UK . Clients range from large international retail names to small independent stores. The Point group has more than 360,000 clients and supports 450,000 payment devices. “Xileo is seen as a very trusted player in the French market, with a management and operational team that brings additional capabilities and strengths to Point” says Johan Tjärnberg, CEO, Point

Since it´s founding in 2001, Xileo has distributed, installed and maintained payment systems for various customers including retail, resellers, integrators, manufacturers, banks and government organisations. “Our customers can now rely on a service provider that is able to support them abroad thanks to the equipment, software and services produced by the expertise within the complete Point group”, says Patrice Lust, CEO, Xileo.

About Point

The Point group is a leading provider of electronic payment solutions in Europe.The group helps customers in the Nordic, Baltic and the UK deliver more efficient sales of merchandise and services through the provision of innovative and secure card payment solutions. Every day, more than 10 million secure card transactions are handled through Point solutions. The group currently supports 450,000 payment devices. Customers range from large high street retail names to small independent retailers as well as e-commerce sites. Point also operates an installed base of more than 5000 ATMs in the region. The group includes companies in the UK, Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden with over 600 employees.

About Xileo

Xileo Transaction Systems is a distribution and outsourcing company specializing in secure transaction processing (including electronic payments, point of sale terminals, strong authentication, electronic signature, cash protection and check control), paperless services (customer loyalty or point cards, electronic reloading of mobile phones and virtual wallets), and solutions for health care professionals (readers and terminals to update Vitale cards, electronic claim forms on electronic payment terminals). Xileo has grown every year since its founding in 2001. In 2009 the turnover of the company was € 6 million.

Further information, please contact:

Point

Johan Tjärnberg, CEO, Point International, tel +46 8 566 287 00
e-mail: Contact 

Xileo

Patrice Lust, CEO, Xileo Transaction Systems, tel +33 1 69 91 70 30
e-mail: Contact

Xileo press contact

ANJUNA
Elodie Cassar

Contact 
Tel: +33 9 65 24 97 58
Mobile: + 33 6 80 53 82 94