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Global Payments agreed to buy Atlanta-based payments company EVO Payments in a deal that gives EVO an enterprise value of $4b. EVO provides payment technology and services and operates in more than 50 markets and 150 currencies, according to its website. The much larger Global Payments primarily provides technology and point-of-sale services to merchants and has a market value of around $34b.
EVO has a rapidly growing international business, which now makes up 62% of the company’s total revenue. Global Payments Chief Executive Jeff Sloan said the deal would expand Global Payments’ presence in faster-growth geographies.
https://www.wsj.com/articles/global-payments-to-buy-evo-payments-11659356095?mod=rss_markets_main
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