Nets buys Orderbird

Through its German subsidiary Concardis, Nets already had a stake in Orderbird before the acquisition. Now the companies are making common cause.

Nets, a Nexi Group company, has acquired Orderbird. In the future, the start-up will operate with its current management team as an independent business unit within Nexi Group. The Orderbird brand will also be retained. After the takeover, Nets will hold all shares in the start-up - the acquisition is said to have cost around 100 million euros.

Orderbird has been in existence since 2011 and offers digital checkout systems for the hospitality and retail industries. Its Orderbird Pro product is an IPad cash register that allows restaurant operators to take orders, bill and generate reports for the tax office. Meanwhile, there is also a mobile cash register for Android devices. The start-up is represented in Germany, Austria, Switzerland and France and claims to have more than 14,000 customers.

The acquisition by Nets is now expected to drive Orderbird's international growth and help improve its existing products. Nets, on the other hand, will benefit from Orderbird's expertise in communicating with small and medium-sized businesses and in developing software solutions. Even before the acquisition, Nets held a stake in the Berlin-based startup through its German subsidiary Concardis. At the end of 2021, the paytech had once again increased its stake in Orderbird.

"We are very pleased to have Nets / Nexi Group as a partner on our side," said Orderbird founder and chief strategist Jakob Schreyer. "With this partnership, it was particularly important to us that we at orderbird can continue to focus fully on the further development of our leading offerings and the needs of our customers. This allows us to fully focus on our next goal of further expanding vertical payment software solutions and establishing orderbird as a force to be reckoned with in the payment industry."