CORVEL advised Unzer POS GmbH (“Unzer”) on the acquisition of the PoS terminal business of Wirecard.
Two weeks after the opening of insolvency proceedings on the assets of Wirecard Retail Services GmbH (“WDRS”), Unzer took over the business operations and employees at Aschhei from the insolvency administrator (law firm JAFFÉ). Unzer is further expanding its market share in the PoS and terminal business in Germany.
WDRS is a service provider for sales and commercial support of customers with their payment processing around the point of sale (PoS). The approximately 20 employees at Aschheim currently support over 3,600 customers, primarily in the retail sector in Germany, to whom WDRS has leased a total of almost 7,000 card terminals for processing card payments at the PoS. WDRS had to file for insolvency following the insolvency of Wirecard AG.
By taking over the business operations of WDRS, Unzer is continuing its course of growth as a platform for international payment transactions. Unzer was founded in 2003 as heidelpay. With over 600 employees, Unzer offers its customers solutions for the entire spectrum of payment management: From the processing of various payment methods, to automated analyses of customer behaviour and needs, to holistic risk management. In 2019, the company processed a transaction volume of more than Euro 7 billion for over 30,000 customers via its platform.
CORVEL LLP (Hamburg): Dr. Felix Brammer (Corporate), Dr. Dirk Brockmeier (Insolvency Law), Associate: Marc Großmann (Corporate)
EmLabLegal (Hamburg): Dr. Katrin Stamer (Labour Law)
Further Information: https://www.corvel.de
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