Nexi Buys Nets in $9.2 Billion Deal to Create Payment Giant

Bloomberg (paywall)

“Italian payments processor Nexi SpA agreed to buy private equity-owned rival Nets A/S , creating the Europe’s biggest payments firm by volume in a quickly consolidating industry…The transaction, finalized just a month after Nexi purchased another competitor, adds to a wave of consolidation sweeping the continent’s financial services industry, and will extend the Italian company’s reach across Europe, where it has operations spanning Italy, German-speaking countries and the Nordics.”