SEB further strengthens its market position for business card in the Nordics
SEB Kort and Nets have signed an agreement to acquire Nets' Business Eurocard
business in Finland. With the acquisition, SEB becomes market leader for
business credit cards throughout the Nordics.
"For decades, Eurocard has developed leading payment solutions for companies.
Through this acquisition, we can incorporate Nets' Business Eurocard operation
in Finland into our Nordic business card operations and thereby further develop
our already strong business card offering. We welcome our new Finnish Business
Eurocard customers, who, starting in 2015, will gradually gain access to our
full range of services," says Lennart Erlandson, Head of SEB Kort.
"I am Â very pleased with this agreement. SEB has extensive experience in
international corporate card business. They also know the Finnish market and
have existing organization in Finland. Therefore we are convinced that SEB will
ensure smooth business continuity for our clients. We also believe that they
will provide a good home and a successful development path for the employees
moving from Nets to SEB," says Mikko Pilkama, Senior Vice President of Nets,
Operations will be transferred from Nets to SEB Kort on April 1, 2014.
About SEB Kort
SEB Kort is one of the leading Nordic credit card companies and a wholly-owned
subsidiary of SEB. Operations are run by subsidiaries in Sweden, Finland,
Denmark and Norway for several well-known brands such as Eurocard, MasterCard,
Visa, Diners Club and Euroline. SEB Kort has 660 employees in total. They are
based in Stockholm, Oslo, Copenhagen and Helsinki.
Nets is specialising in managing digital values through the delivery of
strategic consulting and IT solutions. We help facilitate a more efficient
society and optimise our customers' businesses through our digital management of
money, information and identities. Our product portfolio is among the most
extensive anywhere in Europe, and our ambition is to become an even stronger
partner to our customers, both nationally and internationally. Nets has 2,600
employees in Denmark, Norway, Finland, Sweden and Estonia. The Group has an
annual turnover of EUR 850 million. For more information about us, please visit
For further information
Tommi Lassila, Branch Manager SEB Kort Finland, +358-50-300Â 5898,
Lennart Erlandson, Head of SEB Kort, +46 70Â 513 7111, firstname.lastname@example.org
Kerstin Ottosson, Communication Officer SEB Kort, +46 70 660 5200,
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