Global Payments acquires Realex Payments
Payment gateway Realex Payments has been sold to Global Payments. Realex Payments processes over 29 billion in payments for thousands of online and mobile businesses worldwide and will continue to do this as part of Global Payments, a provider of payment technology services. The transaction is valued at 115 million euros.
Realex Payments has announced the news on its company blog. Colm Lyon, CEO of the Irish company, says it’s a deal of significant strategic fit, “in that together we will be able to achieve so much more”. He thinks the combination of Realex Payments’s online payments technology and the international merchant acquiring capability of Global Payments will create “a compelling proposition for the customers of both businesses.” He thinks the acquisition is a great deal for their customers, for their employees and for Ireland.
— Global Payments Inc. (@GlobalPayInc) March 25, 2015
“Four our existing 12,500 merchants this means they can avail of Global Payments unmatched international presence, entering new markets and driving their global ecommerce business like never before”, Lyon claims. “And for our staff, the diversity of opportunity that comes with this deal is enormous. ”
Accelerate growth opportunities in Europe
The acquisition also got explained by Jeff Sloan, CEO of Global Payments. “Realex Payments represents a strategic investment to expand our international omni-channel technology offerings, enhancing our go-to-market strategy in one of our largest regions”, he says. “We are excited to further invest in our European businesses, continue to leverage our multinational footprint and accelerate our growth opportunities at a favorable time in Europe.”
About the two payments companies
Realex Payments is headquartered in Dublin and processes in excess of €28 billion per year. Its clients include Virgin Atlantic, Paddy Power and the AA. Global Payments is a Fortune 1000 company headquartered in Atlanta, that conducts business in 28 countries with 4,200 employees across the globe. It services over 1.5 million merchants.