“This transaction will allow Provus Group to expand its operations both in Romania and in the region,” said Utku Ogrendil, chief executive of Provus Group.
Founded in 2001, Provus Service Provider and its local subsidiary RomCard are owned by private equity firm Innova Capital.
Provus manages 1,500 ATMs and 9,400 POS units in Romania. The group processes 1.5 million cards and 5 million banking transactions a month.
Supercard Solutions & Services was established in 2000. The company has manufactured 33 million cards, mostly in the non-banking sector.