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 and will be followed by the execution of a capital increase of asknet AG through an issue of 450,000 new shares of asknet AG in Q2, 2019, thus providing the combined group with sufficient capital to finance working capital, integration costs and business expansion going forward. 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.