VIENNA — DIMOCO has announced its acquisition of Smarcom AG and expansion into the consumer vending vertical.
DIMOCO is a European-wide regulated payment institute for direct-carrier billing, enabling subscribers to purchase products and services charged via the operators’ billing system.
According to the company, by acquiring 75 percent of the equity stake of Bern, Switzerland-based vending specialist Smarcom AG, DIMOCO is expanding its European market reach.
DIMOCO will connect vending machines using its direct-carrier billing payment method.
Swiss market leader Smarcom AG, which already enables Swiss consumers to purchase vending machine goods such as snacks and soft drinks with their mobile devices, will be renamed to DIMOCO Vending AG.
Andre Cuttat will remain the head of the management board and holds 25 percent of the equity stake of the company.
The agreement is effective retroactively to Jan. 1.
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