Acquisition of Nexway Group
by Asknet AG.
On December 3, 2018, asknet AG signed a purchase agreement to acquire 100% of of Nexway Group AG, the 100% owner of Nexway SAS, based in Paris – La Défense, France. Nexway SAS is a leading ecommerce services provider of solutions for monetizing digital business models and connecting companies to the global ecommerce market and a competitor of asknet AG. The acquisition was completed at the end of January 2019. The combined asknet group will process and support global digital commerce around the world, meeting the requirements of global payments system, subscription models, and customer needs. Both companies operate highly synergetic businesses with complementary technical capabilities, customer bases and geographic footprints. The goal of this transaction is to create a dynamic, cutting-edge and well-funded market leader in the ecommerce services business with a diverse portfolio of clients from software vendors, to gaming companies and digital marketplaces.
In addition, the Annual General Meeting of asknet AG on June 28, 2019 resolved to change the name of asknet AG to Nexway AG, which will be implemented step by step over the coming months.
News releases regarding the acquisition:
June.2 6, 2019 asknet AG abstains from capital increase until further notice (English version)
Feb. 6, 2019 asknet AG™ and Nexway™ are becoming one leading Global Commerce‐as‐a‐Service platform and Merchant services provider (English version)
Dec. 3, 2018: asknet AG Intends to Acquire 100% of Nexway Group AG, Approves Capital Increase and Management Changes (English version)