SIBS has agreed to acquire the Polish payments operator ITCARD, enhancing its presence in ATMs, POS terminals, and card services across Central and Eastern Europe.

This acquisition will see around 470 employees joining SIBS. The deal is pending regulatory approval.

The transaction represents a significant expansion for SIBS in the region. Upon completion, the group will oversee approximately 5,500 ATMs in Poland and add over 181,000 point-of-sale terminals to its existing network. Globally, SIBS aims to manage more than 20,000 ATMs, over 827,000 terminals, and around 35 million cards, processing more than 17 billion transactions annually.

SIBS’ regional strategy through ITCARD

ITCARD has established a presence in Poland by providing ATM and payment processing services to banks, merchants, and cardholders. Company officials mentioned that joining SIBS would provide resources for expanding services into e-commerce, omnichannel payments, and mobile applications. They also noted that employees are expected to benefit from new development opportunities within the larger international organization.

SIBS representatives described this acquisition as part of their European growth strategy. The company plans to build on ITCARD’s operations by leveraging its own experience across the payments value chain, from card issuance to e-commerce services. SIBS stated that the move also reflects its commitment to supporting Poland’s digital economy.

SIBS has been active in Poland since 2008, initially focusing on ATM management, transaction processing, and fraud prevention. The group further reinforced its position with the acquisition of Paytel in 2018 and Kar-tel in 2023. In the wider region, SIBS also integrated Romcard in Romania in 2020.

The company said it would continue investing in local partnerships, new services, and technological developments to align with its long-term regional plans. Advisors for this transaction included Rothschild & Co, DLA Piper, and KPMG.