Integrated payments and commerce technology company, Shift4, has acquired a majority stake in Vectron Systems. Vectron is one of the largest European suppliers of point-of-sale (POS) systems to the restaurant and hospitality verticals. Based in Germany, Vectron has around 65,000 POS locations across Europe. Shift4 says that this represents a €25bn in volume opportunity with minimal payment monetisation today.
Public tender offer and de-listing
Shift4 will acquire additional ownership of Vectron through a public tender offer. That is expected to conclude within the next month, with a de-listing and formal integration process to occur shortly thereafter.
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The acquisition provides Shift4 with an expansive customer footprint across Europe and a distribution network of around 300 POS resellers. Shift4 will be able to add its integrated payment services to current Vectron customers and products. In addition, it will empower the sales force with a compelling all-in-one POS and payments solution.
“Shift4 was at the forefront of the convergence between software and payments in the restaurant and hospitality verticals in the US. We see an incredible amount of demand for a similar all-in-one solution across Europe,” said Shift4 CEO Jared Isaacman.
“With our integrated payments and SkyTab offering, we have the best solution at the right price point. Vectron will provide valuable local expertise, infrastructure, and the distribution necessary to meet the demand. This acquisition is right out of the Shift4 playbook. It enables us to unlock synergies, expand our distribution, and monetise payments for a large existing install base.”
Shift4 completes previously announced acquisition of Revel Systems
Shift4 has also completed its previously announced acquisition of Revel Systems. Revel has over 18,000 merchant locations across the US and internationally. Shift4 says that this represents a $17bn+ payment opportunity.
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By GlobalDataRevel also has a direct sales and dealer distribution network. This can be leveraged to accelerate SkyTab distribution both domestically and abroad.
