Solenis has acquired ClearOn AB for an undisclosed amount, marking a significant transaction in the retail payment and sales promotion sector. ClearOn AB is a prominent Swedish payment institution, regulated by Finansinspektionen, specializing in the development of coupons, gift cards, and various payment services for the retail industry. The company facilitates the clearing of coupons, gift cards, payments, and postal money orders totaling SEK 5 billion annually across 6,000 partner stores. Its Kassagirot service enables individuals and businesses to conduct financial transactions such as payments, withdrawals, and money transfers in collaboration with major financial institutions.
This acquisition brings ClearOn's expertise in seamless clearing processes and effective sales promotion tools under Solenis's ownership. ClearOn's "Wave" business area also develops and sells point-of-sale (POS) systems, further enhancing its comprehensive offering. The strategic rationale for Solenis lies in gaining a robust platform for digital campaign tools, customer care services, and crucial insight into retail operations. ClearOn's established network and role as a trusted partner for grocery suppliers and retail chains, through its ownership by Dagligvaruleverantörers Förbund, represents a valuable asset.
The integration of ClearOn's advanced clearing solutions and payment services is expected to create synergies by broadening Solenis's market reach and diversifying its service portfolio. This move is anticipated to strengthen the combined entity's position within the commercial and financial technology landscape, offering more comprehensive solutions to retail partners and consumers. By combining ClearOn's operational efficiencies and strong market presence with Solenis, the acquisition aims to drive innovation in payment handling, coupon management, and retail engagement strategies. The combined entity is poised to enhance and expand its offerings, delivering more integrated and efficient services to the retail sector moving forward.