SIA completes acquisition of First Data card processing businesses

Monday 1 October 2018 14:30 CET | News

SIA and First Data have announced the completion of SIA`s acquisition of the latter`s card processing businesses in areas of Central and Southeastern Europe for EUR 387 million.

As a result of the transaction, SIA, a European high-tech company providing payment infrastructure and services, becomes involved in processing and services in the region, offering card processing, card production, call center, and back-office services.

These businesses are primarily located in seven countries: Greece, Croatia, Czech Republic, Hungary, Romania, Serbia, and Slovakia. In 2017, these businesses generated a combined revenue of approximately EUR 100 million for First Data.

Following the completion of this transaction, First Data, providing commerce-enabling technology, remains committed to the European issuer processing business and will continue to serve its client base primarily through its leading VisionPLUS platform.

For more information about First Data, please check out a detailed profile of this company in our dedicated, industry-specific online company database.

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Keywords: SIA, First Data, acquisition, card processing, Europe, VisionPLUS, high-tech, payment infrastructure, online payments
Countries: World

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