Global Payments to Buy Irish Gateway Realex
Atlanta-based Global Payments has entered an agreement to buy the European online payment gateway Realex Payments.
The deal positions Global Payments better within the European market, allowing the U.S. company to broaden its multinational footprint.
Company will pay around $126 million (115 million euros) for Realex, funding the transaction through available liquidity, according to a March 25 press release announcing the acquisition. Global Payments said it plans to provide additional details at its earnings call April 8, but stated that it does not expect the deal to affect the company’s fiscal 2015 results or capital plans.
Source:: Payments Source – Processing