Global Payments Inc. (GPN), a worldwide provider of payment technology services, announced today that it has completed its merger with Heartland Payment Systems, Inc. (“Heartland”).
The combined company, Global Payments Inc., now has more than 8,500 employees worldwide and provides market-leading payments solutions to nearly 2.5 million merchants in 29 countries globally.
“We are delighted to announce the completion of this landmark transaction,” said Jeffrey S. Sloan, Chief Executive Officer of Global Payments. “The transformative partnership with Heartland will further accelerate revenue growth, operating margin expansion and cash earnings per share growth and create the leading provider of integrated payments technology solutions worldwide.”
In connection with the closing of the transaction, Robert H.B. Baldwin, Jr. and Mitchell L. Hollin have joined the Global Payments Board, increasing its size from eight to ten members.