NTT DoCoMo has acquired Fine Trade, an Austria-based e-commerce trading company. This transaction is expected to be closed in October. DoCoMo will be expanding their portfolio of finance and payment systems in Europe as a result of the acquisition.
NTT DoCoMo is buying the shares from Three Little Birds AG and Schneider Holding Wirtschaftsprufungsgesellschaft mbH. Three Little Birds hold 75% in the company and Schneider owns 25%. DoCoMo will be making the purchase through DOCOMO Deutschland GmbH (DDL).
“fine trade is a unique and innovative player in the worlds of e- and m-commerce,” said Hiroyuki Sato, Chief Executive Officer of DDL. “I’ve long held the view that disruptive innovation is possible in the financial industry, much the same as mobile devices and the Internet revolutionized the telecom industry. DOCOMO, which has played a pioneering role in telecom, looks forward to playing a disruptively innovative role with fine trade, which shares our vision of becoming a Smart Life Partner.”
This acquisition is subject to customary closing conditions. According to TechCrunch, the deal was in the ?several tens of millions of Euros.?