Market Overview

Global Payments Completes Acquisition of Accelerated Payment Technologies

Global Payments (NYSE: GPN), a leading, worldwide provider of electronic transaction processing solutions, announced today that it has completed the acquisition of Accelerated Payment Technologies (APT), an innovative provider of fully-integrated payment technology solutions for small to medium sized merchants. APT markets its products and services primarily through a network of 700 value-added resellers (VARs) covering over 30 different vertical markets.

Under the terms of the agreement, Global Payments paid $413 million in cash, funded by the company's new unsecured term loan facility, to acquire APT from Great Hill Partners.

Posted-In: News M&A

 

Related Articles (GPN)

Around the Web, We're Loving...

Get Benzinga's Newsletters