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SIA makes €375 million acquisition of First Data’s European card processing unit
SIA and First Data have signed an agreement for SIA to acquire First Data’s card processing businesses in parts of Central and Southeastern Europe for €375 million. In 2017, these businesses generated a combined revenue of approximately €100 million for First Data. This acquisition by SIA provides card processing, card production, call center and back-office [...]
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Worldline to acquire the leading payment processor in the Baltics – First Data Baltics
Worldline says it has signed an agreement with First Data for the acquisition of 100% of the share capital of First Data’s fully owned subsidiaries in Lithuania, Latvia, Estonia (together “First Data Baltics” or “FDB”) for c.€73 million, financed by available cash. Having generated revenue of c.€23 million in 2016, FDB currently employs 200 employees [...]
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First Data to acquire CardConnect for $750 million
First Data has agreed to acquire smaller payments processing company CardConnect in a deal worth around $750 million, the companies said on Tuesday. First Data will pay $15.00 per share in cash for CardConnect, whose stock jumped to as much as $15.15, indicating some investors expect a better offer – according to Reuters. The deal would be the [...]
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First Data to IPO
First Data has taken its initial step towards a multibillion-dollar listing. First Data filed its paperwork for an IPO on Monday, but gave few details on the upcoming deal. The filing said it could raise $100m in the offering, but this was a place holder amount that is certain to change and no underwriters were listed. KKR will continue [...]
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Innovation at the POS 2014
In this piece of research, sponsored by First Data, PCM has run a survey to ascertain how the global payments industry sees the introduction of innovative POS technology being brought to market.
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