Payments Dive
The payment processing company Shift4 announced on Tuesday that it will buy the Swiss payments technology business Global Blue.
Shift4 will pay cash for the Swiss company, according to a press release on Tuesday, with the equity value of the acquisition pegged at $1.5 billion, according to a report from the Wall Street Journal. The enterprise value, including debt, is about $2.5 billion, the release said.
Allentown, Pennsylvania-based Shift4 will add Global Blue’s merchant solutions to its own payment platform, the Shift4 release said.
The board of directors for both companies unanimously approved the merger, which is expected to be completed by the third quarter of this year, according to the release.
