Global Payments, a provider of payment technology and software services, has purchased EVO Payments, a provider of payment technology integration and acquiring services in an all-cash transaction for $34.00 a share.

The deal is intended to enhance the firm’s target addressable markets, leadership in integrated payments, expand its presence in new and existing growth markets, and augment the firm’s B2B software and payment services.

“The acquisition of EVO is highly complementary to our technology-enabled strategy and provides meaningful opportunities to increase scale in our business globally,” said Cameron Bready, president and chief operating officer, Global Payments. “Together with EVO, we are positioned to deliver an unparalleled suite of distinctive software and payment solutions to our combined 4.5 million merchant locations and more than 1,500 financial institutions worldwide.”