Global Payments will acquire EVO in an all-cash transaction for $34 per share, or $4 billion in enterprise value. The transaction will close no later than Q1 2023. According to Global Payments, the transaction will “significantly” increase its target markets and help expand into new regions such as Poland, Germany, Chile and Greece and in existing markets including the US, UK, Canada, Mexico, Spain and Ireland. The acquisition will also augment its B2B software and payment solutions with the addition of EVO’s accounts receivable software with third-party acceptance.
EVO also plans on bringing in key technology partners and proprietary integrations as part of the acquisition. Joining EVO and Global Payments will unite highly complementary portfolios of technology-enabled products and partnerships to create an even stronger organisation serving a broader customer base. Headquartered in Georgia with approximately 25,000 employees worldwide, Global Payments is a Fortune 500 company active in more than 170 countries throughout North America, Europe, Asia Pacific, and Latin America. EVO Payments was founded in 1989 and is headquartered in Atlanta with more than 2,400 employees serving 550,000 merchants across the world.