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0 0 0.0166197183098593 0.00464788732394364 0 0.020281690140845 0.00767605633802819 0.0135915492957747
Stock impact report

Shift4 Acquires Majority Stake of German Point-of-Sale Company Vectron Systems AG and Completes Previously Announced Acquisition of Revel Systems

Shift4 Payments, Inc. Class A (FOUR) 
Company Research Source: Business Wire
Shift4 has acquired a majority stake in Vectron, which will provide Shift4 with ~65,000 POS locations across Europe, local product expertise, and a European distribution network of ~300 POS resellers. The company has also completed its previously announced acquisition of Revel Systems, which will provide Shift4 approximately 18,000+ merchant locations and an estimated $17B payment opportunity. MUNSTER, Germany & CENTER VALLEY, Pa.--(BUSINESS WIRE)--Shift4, the leader in integrated payments and commerce technology, has acquired a majority stake in Vectron Systems AG, one of the largest European suppliers of point-of-sale (POS) systems to the restaurant and hospitality verticals. Based in Germany, Vectron has ~65,000 POS locations across Europe, representing ~€25 billion in volume opportunity with minimal payment monetization today. Shift4 is expected to acquire additional ownership of Vectron through a public tender offer that is expected to conclude within the next month, with a de Show less Read more
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