Elavon, the global merchant acquirer and subsidiary of US Bancorp, has agreed to acquire Sage Pay, the payments gateway business in the United Kingdom and Ireland.
The deal will extend Elavon’s market share in the UK and Ireland, particularly for small and medium-sized enterprises (SMEs).
Hannah Fitzsimons, president and general manager of Elavon Merchant Services Europe, commented: “This acquisition brings tremendous talent and leading technology to Elavon, which can be leveraged across the European market.”
The agreement was signed on 17 November and is subject to regulatory approval.
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