Shift4 Acquires Majority Stake of German Point-of-Sale Company Vectron Systems AG and Completes Previously Announced Acquisition of Revel Systems [Yahoo! Finance]
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Perella Weinberg Partners - Class A (PWP)
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Source: Yahoo! Finance
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., June 14, 2024 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-listing and formal integration process to occur shortly thereafter. The acquisition is expected to provide Shift4 with an expansive customer footprint across Europe as well as a distri
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