Atlanta-based Global Payments has entered an agreement to buy the European online payment gateway Realex Payments.
The deal positions Global Payments better within the European market, allowing the U.S. company to broaden its multinational footprint.
Global Payments will pay around $126 million (115 million euros) for Realex, funding the transaction through available liquidity, according to a March 25 press release announcing the acquisition. Global Payments said it plans to provide additional details at its earnings call April 8, but stated that it does not expect the deal to affect the company’s fiscal 2015 results or capital plans.
"Realex Payments represents a strategic investment to expand our international omni-channel technology offerings, enhancing our go-to-market strategy in one of our largest regions with industry leading value-added products and services," said Jeff Sloan, Global Payments' CEO.
While Realex primarily focuses on gateway and payment services, the company also dabbles in analytics, real-time fraud scoring, and foreign-exchange services such as dynamic currency conversion and multi-currency processing. Every year, Realex process more than $30 billion (28 billion euros) in payments and has clients in 30 countries.