The payments processing giant Fiserv announced Wednesday that it has acquired CCV, a Dutch payments company.
The acquisition is expected to allow the processor to expand its offering of its point-of-sale platform Clover across Europe, while also enhancing its software capabilities, Fiserv said in a news release.
The company listed the amount paid for the purchases of CCV and the Canadian digital banking provider Payfare at $360 million in a Feb. 20 SEC filing. Fiserv planned to pay $140 million for Payfare — or $201.5 million in Canadian dollars — according to a December news release, which would make the price for CCV about $220 million.
A Fiserv spokesperson did not immediately respond to a request for additional comment on the transaction.
“The addition of CCV enables Fiserv to accelerate the development of our Clover platform and operating system,” said Katia Karpova, Fiserv’s head of the EMEA region, said in the release.