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November 20, 2020TransactionWatch

TransactionWatch – Week of November 16th – November 20th

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A flurry of new deals were announced in what was a bustling week as payment entities continue to consolidate and seek expansion across the industry. After months of speculation, Nexi announced their acquisition of Nets for a total consideration of approximately $9.2 billion. The combined entity will create one of Europe’s largest payments company by volume. This acquisition also comes on the heels of Nexi’s last acquisition of SIA, which occurred just last month and was valued at about $5.3 billion. Separately, Santander announced this week their purchase of Wirecard’s European merchant technology assets for an estimated $118 million. This deal will ultimately help accelerate Santander’s merchant payments business, Getnet.

Payroc continues to seek growth through acquisitions as the company made the announcement of their purchase of Bluestone Payments, an ISO based in Georgia and founded by Linda Rossetti in 2006. Payroc has had an eventful year in M&A as they rapidly accelerate their global processing volume. Separately, European payments service provider SumUp has acquired POS software provider Goodtill for an undisclosed sum. Acquiring Goodtill adds complementary products and services to SumUp’s growing lineup of POS solutions.

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