Edenred announces the acquisition of Nets Prepaid, leader in the benefits market in Finland

Edenred has acquired Nets Prepaid , the leader in Finland’s benefits market. The acquisition has given the Group an undisputable leadership position in the Finnish market, following on from its entry in 2011.

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Nets Prepaid offers the Lounas meal benefit and recreational benefits for more than 10,000 clients and 120,000 beneficiaries. Issue volume amounted to more than €200 million in 2012.

The transaction, which is in line with the Group’s targeted acquisition strategy, has made Edenred the undisputed market leader, in a country with 2.5 million employees and a low penetration rate estimated at around 10%.

"After the launch of meal and recreational benefits in Finland in 2011, this acquisition represents an excellent opportunity to reinforce our presence in the country and foster cross-selling. By integrating an experienced team in the Finnish benefits sector, we will offer the highest level of services to our clients, affiliates and beneficiaries" said Arnaud Erulin, Chief Operating Officer for Edenred Central Europe and Scandinavia

Download the press release (PDF, 196.3 KB)

About

Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting more than 52 million users and 2 million partner merchants in 45 countries via close to 1 million corporate clients.

Edenred offers specific-purpose payment solutions for food (such as meal benefits), incentives (such as gift cards, employee engagement platforms), mobility (such as multi-energy, maintenance, toll, parking and commuter solutions) and corporate payments (such as virtual cards).

True to the Group’s purpose, “Enrich connections. For good.”, these solutions enhance users’ well-being and purchasing power. They improve companies’ attractiveness and efficiency, and vitalize the employment market and the local economy. They also foster access to healthier food, more environmentally friendly products and softer mobility.

Edenred’s 10,000 employees are committed to making the world of work a connected ecosystem that is safer, more efficient and more responsible every day.
In 2022, thanks to its global technology assets, the Group managed some €38 billion in business volume, primarily carried out via mobile applications, online platforms and cards.

Edenred is listed on the Euronext Paris stock exchange and included in the following indices: CAC 40 ESG, CAC Next 20, CAC Large 60, Euronext 100, FTSE4Good and MSCI Europe.