The latest sale is part of the insolvency proceedings concerning the assets of Wirecard AG and Wirecard Technologies.
In mid-November last year, Banco Santander and insolvency administrator Mr Jaffé signed a contract for the sale of the European technology platform of the insolvent payment service provider and highly specialized technological assets.
Santander plans to accelerate the growth of its merchant payments business, Getnet, in Europe and expand it at a pan-European level with the acquisition of Wirecard assets, the statement said.
The insolvency administrator has already sold several other parts of Wirecard group worldwide. These include Wirecard North America s sale to Syncapay, Wirecard Brazil s sale to PagSeguro and Wirecard Romania s sale to SIBS.
Press release content from Accesswire. The AP news staff was not involved in its creation.
Sale of Wirecard Core Assets Completed - Around 500 Employees Switch to Getnet Platform
January 28, 2021 GMT
MUNICH and ASCHEIM, GERMANY / ACCESSWIRE / January 28, 2021 / Another important success has been achieved in the insolvency proceedings concerning the assets of Wirecard AG and Wirecard Technologies GmbH: Despite the challenging circumstances the sale of the Wirecard core assets to Banco Santander group was closed today. Around 500 employees will become part of Santander’s Getnet platform. Thereby, almost all of the remaining jobs at the Aschheim site near Munich are preserved.
Mid-November 2020, Banco Santander and insolvency administrator Dr. Michael Jaffé had signed a contract with respect to the sale of the European technology platform of the insolvent payment service provider and highly specialized technological assets.
Wirecard Technologies GmbH, Aschheim Around 500 Employees switch to Getnet Platform Munich/Aschheim, January 28, 2021. Another important success has been achieved in the insolvency proceedings concerning the assets of Wirecard AG and Wirecard Technologies GmbH: Despite the challenging circumstances the sale of the Wirecard core assets to Banco Santander group was closed today. Around 500 employees will become part of Santander s Getnet platform. Thereby, almost all of the remaining jobs at the Aschheim site near Munich are preserved. Mid-November 2020, Banco Santander and insolvency administrator Dr. Michael Jaffé had signed a contract with respect to the sale of the European technology platform of the insolvent payment service provider and highly specialized technological assets.
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