Global Payments Inc., a leading worldwide provider of payment technology and software solutions, announced the successful completion of its acquisition of Worldpay from FIS and GTCR, and the divestiture of its Issuer Solutions business to FIS. The transactions transform Global Payments into a pure-play, commerce solutions provider, serving the full spectrum of clients, from small businesses to global enterprises worldwide.
The completion of the transactions positions the new Global Payments to capitalize on substantial growth opportunities with enhanced global scale. The combined company will serve more than 6 million merchant locations, processing $3.7 trillion in payment volume and approximately 94 billion transactions annually across more than 175 countries.
“Combining with Worldpay expands our capabilities and increases our geographic reach while providing additional, complementary distribution channels – multiplying what’s possible for our clients and partners,” said Cameron Bready, chief executive officer of Global Payments. “Together, we are focused on bringing even more value to them as we become the worldwide partner of choice for commerce solutions.”