Global Payments, a US-based provider of payment solutions, has purchased European online payment technology firm Realex Payments for EUR115m.
The acquisition is part of Global Payments strategy to provide omni-channel solutions that combine gateway services, payment service provisioning and merchant acquiring across Europe.
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Realex Payments, which employs 170 staff, had processed in excess of EUR28bn per annum on behalf of 12,500 clients. It provides a range of web solutions and services to clients including enhanced analytics, real-time fraud-scoring, recurring payments and FX services.
Global Payments operates business in 28 countries with 4,200 employees across the globe.
The transaction is expected to have no material impact on the company’s fiscal 2015 results or capital plans.
Global Payments CEO Jeff Sloan said: "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.
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By GlobalData"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."
Realex Payments CEO Colm Lyon said: "The combination of Global Payments’ multinational acquiring expertise with Realex Payments’ technologies and employees will position us well for global growth and expansion."
