heidelpay Group, a German payments firm backed by private equity firm AnaCap Financial Partners, has purchased local POS-specialist Alpha-Cash Payment.
With the deal, Alpha-Cash becomes the third heidelpay company to support cashless payments at the PoS.
Commenting on the transaction, heidelpay founder and CEO Mirko Hüllemann said: “Bricks-and-mortar retailing and e-commerce are increasingly converging. Payment service platforms now need to provide a seamless, omnichannel payments experience across e-commerce and PoS thus enabling retailers to offer their customers a truly satisfying shopping experience.
“The purchase of Alpha-Cash strengthens our position in this extremely fragmented area of PoS and expands our presence in the east and north-east of Germany respectively.”
Recent acquisitions by heidelpay:
The latest deal, whose financial terms were not revealed, continues heidelpay’s acquisition spree.
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It is the second deal by heidelpay this year.
Headquartered in Frankfurt, UNIVERSUM specialises in PayLater solutions.
In 2017, Heidelpay acquired German POS payment specialist StarTec.
The acquisitions follow AnaCap’s purchase of a controlling stake in heidelpay.
The co-founders and existing management of heidelpay continue to hold a minority stake in the business.