The gift card market is growing: Tillo acquires the Italian company Amilon
The digital payments and gift card sector is experiencing a phase of major transformation. Recently, the British company Tillo, formerly known as Tenzing, announced the acquisition of Amilon, an Italian company and leader in the gift card market. The transaction was concluded with the Zucchetti Group and the company's founders.
Amilon is a well-established entity in the Italian and European landscape, specializing in the distribution of gift cards for companies and end consumers. Thanks to this acquisition, Tillo significantly strengthens its international presence by integrating the technologies and the vast network of partners developed by Amilon over the years.
The strategic goal of this union is ambitious. The two companies plan to create a global leader capable of managing a gift card transaction volume exceeding £3 billion by 2026. This synergy will allow for the provision of increasingly innovative and widespread solutions for loyalty programs and corporate welfare.
For the Italian market, this transition represents an important signal of how much our country's technology companies have become benchmarks for large international groups. The integration between Amilon's expertise and Tillo's platform promises to accelerate the digitalization of incentive services throughout Europe.
Over the coming months, the two companies will work to unify their technological infrastructures. Amilon's users and commercial partners will continue to benefit from current services, but with the addition of new opportunities offered by the Tillo group's global network.