‘Luminor’ acquires ‘Maksekeskus’ – DELFI

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MKK provides e-merchants and their customers with payment solutions and e-commerce-related services in Estonia, Latvia, Lithuania and Finland.

Led by Lucas Art, the company’s CEO, the company has grown significantly in recent years and is currently used by around 3,000 active traders in the Baltics.

Inbank and Olsson & Nielsen Nordic established Maksekeskus in 2012 in Estonia, where it is currently the market leader in e-commerce services. Cooperation with Luminor will allow the company to significantly expand its development beyond Of Estonia, especially thanks to the “Luminor” network and customers in Latvia, Lithuania.

Lucas Arts will continue to serve as CEO and lead the MCC in the next phase of development under Luminor.

This transaction must be approved by the Estonian Financial Supervisory Authority and the Estonian Competition Authority. The transaction is expected to close in the coming months.

Nils Melngailis, Chairman of the Boards of Luminor Holding and Luminor Bank, said: “The transaction is a milestone for our group. MKK is the first acquisition of Luminor in line with our strategy to continue to grow and expand our product and customer service capabilities. With our knowledge and experience in the small and medium-sized enterprise sector, customers will be able to reap greater benefits from the financial services we provide. “

“Our activities Baltic “The acquisition will strengthen the expansion of MKK in Latvia and Lithuania, and the acquisition will strengthen our presence in the small and medium – sized segment in Estonia,” adds Peters Boseks, Chairman of the Board of Luminor.

Martn Megi, Chairman of the Board of Omniva, points out that the sale of Maksekeskus shares will allow him to focus on his core business, ie supporting e-commerce logistics, as well as improving sorting facilities and expanding the parcel network.

Deloitte acted as Luminor’s financial, tax and IT consultant in the transaction, while “Oaklins“was the bank’s investment adviser, but”Gravel“- legal advisor. The financial advisor to the sellers of the shares and to Maksekeskus was” Superia “and the legal adviser to” Cobalt “.

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