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.