Ingenico has acquired a 55% stake in Fujian Landi for US$17.05 million in cash. Landi is a privately owned transaction solution provider and POS manufacturer in China.

Fujian Landi, based in Fuzhou and present in 23 regions across China, has been a pioneer in payment terminals in the PRC since its creation in 1992. The group posted revenues of approximately €18 million in 2007, on a dynamic and fast growing market (1.5 million terminals installed).

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