Visa is in talks to acquire part of Nordic payment firm Nets

Visa is among the companies sizing up Nordic payment firm Nets for a potential acquisition, according to people familiar with the discussions. If consummated, a deal for the payment processor would add to the bonanza of mergers and acquisitions in the digital payments sector in recent months.

The world’s second-largest card payment company is considering buying part of the Copenhagen-based company’s operations, but probably not the entire company, said the people, who declined to be identified because they weren’t authorized to speak publicly about the talks. Nets, which provides payment services to 400,000 merchants across Europe, was taken private for 33.1 billion Danish kroner ($4.9 billion) in 2017 by a consortium led by US private equity firm Hellman & Friedman. Other companies are also said to be in the mix to make a deal for Nets.

“We do not comment on market rumors and speculation,” Povl Rasmussen, a spokesperson for Nets, said in an email. A spokesperson for Visa also said the company doesn’t comment on speculation.

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