Payments

Global Payments to acquire EVO Payments

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August 1, 2022

Global Payments Inc., a worldwide provider of payment technology and software solutions, has agreed to acquire EVO Payments Inc., a global provider of payment technology integrations and acquiring solutions, in an all-cash transaction for $34 per share, according to a press release.

The acquisition will provide a combined adjusted net revenue of $9.8 billion and adjusted EBITDA of $4.7 billion.

"The acquisition of EVO is highly complementary to our technology-enabled strategy and provides meaningful opportunities to increase scale in our business globally," Cameron Bready, president and chief operating officer, Global Payments, said in the press release. "Together with EVO, we are positioned to deliver an unparalleled suite of distinctive software and payment solutions to our combined 4.5 million merchant locations and more than 1,500 financial institutions worldwide."

The purchase price represents a premium of approximately 24% and 40% to EVO's last closing price and to its 60-day average price, respectively, as of July 29, 2022.