Global Payments acquires Realex Payments
25 March 2015 | 3119 views | 0
Source: Global Payments
Global Payments Inc. (GPN), a leading worldwide provider of payment technology services, announced today the purchase of Realex Payments, one of Europe’s largest and fastest growing payment gateways providing a range of technology services for businesses selling online.
This transaction furthers Global Payments’ strategy to provide omni-channel solutions that combine gateway services, payment service provisioning and merchant acquiring across Europe.
“Realex Payments represents a strategic investment to expand our international omni-channel technology offerings, enhancing our go-to-market strategy in one of our largest regions with industry leading value-added products and services," said Global Payments' Chief Executive Officer, Jeff Sloan. "We are excited to further invest in our European businesses, continue to leverage our multinational footprint and accelerate our growth opportunities at a favorable time in Europe.”
Colm Lyon, CEO of Realex Payments, added, "We are thrilled to be joining the Global Payments team. The combination of Global Payments' multinational acquiring expertise with Realex Payments’ technologies and employees will position us well for global growth and expansion."
Realex Payments is one of the leading payment gateway technology providers in Europe, delivering a broad range of web solutions to corporate and business clients. In addition to traditional gateway and payment service provider capabilities, Realex Payments also provides enhanced analytics, real-time fraud-scoring, recurring payments and FX services, such as dynamic currency conversion and multi-currency processing.
Under the terms of the agreement, the transaction is valued at €115 million. Global Payments funded the acquisition through available liquidity, and it is not expected to have a material impact on the company's fiscal 2015 results or capital plans. Additional details will be provided during the company's earnings call on April 8, 2015, which will be webcast and accessible at www.globalpaymentsinc.com.