Latest news with #Smartpay
Yahoo
3 days ago
- Business
- Yahoo
Shift4 Payments, Inc. (FOUR) to Acquire Smartpay Holdings for $183 Million
Shift4 Payments, Inc. (NYSE:FOUR) is among the best stocks added to the . A technician inserting a credit card into a point-of-sale machine for identity authentication. On June 24, 2025, Shift4 Payments, Inc. (NYSE:FOUR) announced a scheme implementation agreement to acquire Smartpay Holdings. The acquisition was made for $0.74 per share in cash, valuing the company at approximately $183 million, which represents a 47% premium over Smartpay's 90-day average. The agreement has the support of Smartpay's board as well as its 13.3% stakeholder, Microequities Asset Management. With this deal, Shift4 Payments, Inc. (NYSE:FOUR) is expected to expand its international footprint, particularly in Australasia's SME payments sector. Furthermore, it would support the company's broader growth strategy by integrating Smartpay's local market share and POS technology. Shift4 Payments, Inc. (NYSE:FOUR), which provides end-to-end commerce solutions, supports a vast range of sectors with its omnichannel card processing, mobile wallets, and alternative payments. It also offers cloud-based tools like SkyTab POS and Lighthouse. While we acknowledge the potential of FOUR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: 10 Best Marketing Stocks to Buy Right Now and 10 Best Cybersecurity Stocks to Invest in Under $20 Disclosure: None.
Yahoo
23-06-2025
- Business
- Yahoo
Shift4 buys Smartpay for $180M
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. The digital payments processor Shift4 Payments agreed to pay NZ$296.4 million ($180 million) to buy Smartpay Holdings, which operates a distribution network selling payments services throughout Australia and New Zealand, according to a Sunday press release. Shift4, which has been on an acquisition tear in recent years, will extend its services to Smartpay's 40,000 merchants in the region. Smartpay, led by CEO Marty Pomeroy, has 235 employees, all of whom will be retained, Shift4 CEO Taylor Lauber said by email on Monday. 'By combining our payment infrastructure with Smartpay's distribution capabilities, we're well positioned to go-to-market at scale in the region,' Lauber said in the release. Allentown, Pennsylvania-based Shift4, which offers point-of-sale hardware as well as payments software, has been buying other companies in the past several years to extend its reach into new regions and deepen its roots in regions where it already operates. It has focused on offering its services in sports and entertainment venues, like stadiums, but has also expanded into other areas, including restaurants and hotels. The acquisition of Auckland-based Smartpay will build on Shift4's prior purchases of companies with operations in Australia and New Zealand. Past acquisitions touching the region include Shift4's $2.5 billion purchase of Global Blue earlier this year in February as well the $250 million buyout of point-of-sale rival Revel last year and the purchase of Canadian gift card company Givex for $148 million. The latest deal will strengthen Shift4's hand in selling all of those acquired services in the Australia and New Zealand regions, following the company's playbook in other areas, such as the United Kingdom and Germany. 'This allows for greater distribution of all of those products via the Smartpay salesforce,' Lauber said in the email. Keeping Pomeroy and the rest of the workforce lets Shift4 tap the expertise of employees already well-suited to selling those services in the region and allowing for more expansion, Lauber contended. 'As with most of our acquisitions, these employees help us expand distribution capabilities and otherwise replace hiring we would need to do to build a presence in the geography,' he said in the the email. 'They are already experts so enabling them with our products is much faster than hiring from scratch.' Shift4 this month named Lauber as its CEO as founder Jared Isaacman shifted to an executive chairman role at the company. Isaacman had planned to become head of the National Aeronautics and Space Administration after President Donald Trump nominated him for the post, but the White House abruptly dropped his nomination after Trump's falling out with Elon Musk, Isaacman's billionaire friend and the CEO of SpaceX. Recommended Reading Shift4 turns to restaurants for future growth Sign in to access your portfolio
Yahoo
23-06-2025
- Business
- Yahoo
Shift4 to acquire Australia's Smartpay for NZ$296.4m
Integrated payments company Shift4 has agreed to acquire Australian payments company Smartpay for NZ$296.4m ($180m). The agreed acquisition price of NZ$1.20 per share represents a 46.5% premium over Smartpay's 90 trading day volume weighted average price (VWAP). Smartpay provides payment processing and point-of-sale solutions in Australia and New Zealand, supporting over 40,000 merchants through its distribution network. The deal, expected to close in the fourth quarter of 2025, is subject to regulatory approvals. Shift4 has previously applied this strategy in other regions, such as Germany, the UK, and Ireland, where it has sought to enhance its integrated payment experience through localised distribution, service, and support, as well as merchant-focused products and proprietary payment infrastructure. Shift4 CEO Taylor Lauber said: 'This acquisition follows the Shift4 playbook to a tee. It deepens our strategic presence in Australia and New Zealand, providing a significant opportunity to offer our full suite of software and payments solutions in the region. 'By combining our payment infrastructure with Smartpay's distribution capabilities, we're well positioned to go-to-market at scale in the region with our leading products and services such as SkyTab POS for restaurants, SkyTab Venue for stadiums and arenas, and our end-to-end payment solution for hotels and unified commerce merchants.' In February, Shift4 entered a $2.5bn deal to buy Swiss payments and technology firm Global Blue. With 40 years of experience, Global Blue operates at the intersection of travel and luxury retail across Europe, Asia, and South America. It is known for its two-sided network, connecting millions of international shoppers with merchants through its proprietary app. "Shift4 to acquire Australia's Smartpay for NZ$296.4m " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
23-06-2025
- Business
- Finextra
Shift4 agrees $180 million deal for Smartpay
Shift4 is continuing its acquisition spree, agreeing a US$180 million deal to take over Australian and NZ point-of-sale provider Smartpay. 0 Smartpay sells tailored payment technology through an extensive distribution network across Australia and New Zealand, supporting a diverse base of more than 40,000 merchants in the region. The acquisition is expected to close in the fourth quarter of 2025, subject to regulatory approvals. The deal is the latest in a series of acquisitions by Shift4, which recently abandoned plans to sell off its own business after being unimpressed by suitor bids for the publicly-listed company, which has a market valuation of $7 billion. In February, Shift4 agreed to buy Global Blue, a payments and technology provider to luxury brands, for $2.5 billion. This followed the August acquisition of Canadian gift card company Givex for C$200. Speaking on the deal to takeover Smartpay, Shift4 CEO Taylor Lauber, says: 'This acquisition follows the Shift4 playbook to a tee. It deepens our strategic presence in Australia and New Zealand, providing a significant opportunity to offer our full suite of software and payments solutions in the region. "By combining our payment infrastructure with Smartpay's distribution capabilities, we're well positioned to go-to-market at scale in the region with our leading products and services such as SkyTab POS for restaurants, SkyTab Venue for stadiums and arenas, and our end-to-end payment solution for hotels and unified commerce merchants.'
National Business Review
22-06-2025
- Business
- National Business Review
Smartpay accepts $290m takeover deal
The board of retail payment terminal provider Smartpay has agreed to its acquisition by NYSE-listed Shift4 Payments for $1.20 a share. The cash price represents a 20% premium to Smartpay's last closing price of $1 and values the company at $290 million. In a statement to the NZX, Smartpay chair
