VeriFone Buys Eftpos & Sektor in Latest Payments Deal
Also in December, Evo Bought Power Pay
VeriFone Systems Inc. (NYSE: PAY) will acquire Eftpos New Zealand Ltd. and Sektor Group’s payments operations for an undisclosed amount.
The deals give VeriFone, a San Jose, Calif. provider of electronic-payment services, more offerings. Eftpos, a New Zealand-based payments provider, will operate under its current branding, ENZ.
Sektor’s payments unit, which will operate as VeriFone New Zealand, is the exclusive VeriFone distributor in New Zealand with a reseller network that provides VeriFone’s payment services to merchants.
The deals add to a growing pile of transactions in the electronic payment sector for 2012. In December, Evo Payments International acquired Power Pay; in August Global Payments Inc. (NYSE: GPN) paid $413 million for Accelerated Payment Technologies Inc.; and in July, PayPal, a division of eBay Inc. (Nasdaq: EBAY), bought card.io.
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