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.
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