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Elavon acquires Sage Pay for $300 million to grow its market share in the UK and Ireland

Payments And Fintech M&A Activity

Payments solution provider Elavon, a subsidiary of US Bancorp that offers features like processing online and in-store payments, has announced plans to acquire Sage Pay, a payments gateway operating in the UK and Ireland, for £232 million ($300 million), per TechCrunch.

Sage Pay is part of Sage Group, an accounting provider, which <a target="_blank" href="https://e.businessinsider.com/click/18647802.4/aHR0cHM6Ly93d3cudGVsZWdyYXBoLmNvLnVrL2J1c2luZXNzLzIwMTkvMDkvMDkvc2FnZS1ncm91cC10YWxrcy1vZmZsb2FkLXBheW1lbnQtcHJvY2Vzc2luZy11bml0LXNhZ2UtcGF5Lw/5d233c18f730436f2414784fB4d343b00" target="_blank" rel="noopener noreferrer" read more >>>

Source:: BusinessInsider.Com