WASHINGTON (dpa-AFX) - Global Payments Inc (GPN), a provider of payment solutions, Monday agreed to acquire Ezi Holdings Pty Ltd (Ezidebit) for AU$305 million. Founded in 1998, Ezidebit is an integrated payments company focused on recurring payments verticals in Australia and New Zealand.
The deal is expected to close during the second quarter of Global Payments' 2015 fiscal year.
For the partial year of fiscal 2015, Global Payments expects the deal to contribute about $25 million in revenues and to be slightly additive to total company cash operating margins. Additionally, it is anticipated that the deal will be modestly accretive on a cash earnings basis for fiscal 2015 and dilutive to fiscal 2015 GAAP earnings per share.
'The acquisition of Ezidebit aligns well with our worldwide strategy to enter new, attractive payments markets and supports our growth initiatives with a technology-based, direct distribution player,' said Global Payments CE0 Jeffrey Sloan.
'This partnership with Ezidebit's talented management team leverages our multinational footprint, allows us to capitalize on opportunities across integrated payments globally and expands our business in the fast-growing Asia Pacific region.'
Similar to Accelerated Payment Technologies and PayPros, Ezidebit markets its products through a network of integrated software vendors and direct channels to numerous vertical markets.
Global Payments provides payment services for merchants, value added resellers, financial institutions, government agencies, multi-national corporations and independent sales organizations.
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