US-based payments technology provider EVO Payments has acquired the payment gateway assets of SF Systems.
Headquartered in Mexico City, SF Systems offers integrated payments solutions for merchants.
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The companies did not reveal the deal value.
Commenting on the takeover, EVO president for North America Brendan Tansill said: “With SF Systems’ integrations to software solutions servicing mid-sized merchants and large national and multi-national companies, this acquisition will be a great asset for EVO, not just in Mexico, but across all of our markets.”
The latest deal builds on the existing relationship between the two parties, which began in 2015.
SF Systems has been offering integrations to POS systems for various corporate clients of EVO.
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By GlobalDataAs part of the deal, the team servicing the gateway assets will move to EVO.
The transaction is slated to close in the third quarter of this year.
SF Systems president Carlos Pino said: “We are excited to leverage EVO’s distribution and positioning in Mexico and beyond to deliver our integrated solutions to EVO’s existing and new customers.
“Additionally, we believe the integration of SF Systems to EVO’s Snap platform will enhance the payments experience of our current customers.”
This March, EVO snapped up Irish payments firm Way2Pay.
