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The acquisition encompasses the management of 13.3 million payment cards, 1.4 billion transactions, POS terminals and ATMs
Milan and New York, May 25, 2018 – SIA, a CDP Equity-controlled company, leader in payment infrastructure and services, and First Data Corporation (NYSE: FDC), a global leader in commerce-enabling technology, have signed an agreement for SIA to acquire First Data’s card processing businesses in parts of Central and Southeastern Europe for €375 million.
This acquisition by SIA provides card processing, card production, call center and back-office services, including 13.3 million payment cards, 1.4 billion transactions, in addition to the management of POS terminals and ATMs. These businesses are primarily located in 7 countries: Greece, Croatia, Czech Republic, Hungary, Romania, Serbia and Slovakia. The agreement includes the transfer of about 1,400 First Data employees into SIA.
With this agreement, SIA Group further strengthens its international development and confirms its leadership in Europe in the growing e-payments market.
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