Fintrax Group Acquires Planet Payment
PLANET PAYMENT INC (PLPM)
Last planet payment inc earnings: 8/9 07:00 am
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US:NASDAQ Investor Relations:
planetpayment.com/investor-relations
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Source: GlobeNewswire
GALWAY, Ireland and LONG BEACH, N.Y. , Dec. 20, 2017 (GLOBE NEWSWIRE) -- Fintrax Group, a leader in digital payment processing for international shoppers, today announces it has acquired Planet Payment, Inc. (NASDAQ:PLPM), a leading provider of international and multi-currency processing services, in a deal worth €219M ($257M). Eurazeo, a leading global investment company listed in Paris, is contributing €109M to the financing of this acquisition as the majority shareholder in Fintrax since 2015. The combined business will employ over 1,000 staff in 40 offices across the world and will process over €15billion in payment related services in 2017. This strategic acquisition will position Fintrax Group at the forefront of global digital payments innovation. Planet Payment’s suite of solutions, including a service that allow banks and merchants to offe
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